User Account

All Pages

Question regarding the lower bound and the upper bound

Assignment Help Finance Basics
Reference no: EM131074105

Use the sample data and confidence level given below to complete parts (a) through (d). A research institute poll asked respondents if they felt vulnerable to identity theft. In the poll, n=970 and x=598 who said "yes." Use a 99% confidence level.

a) Find the best point estimate of the population proportion p.

b) Identify the value of the margin of error E.

c) Construct the confidence interval.

d) Write a statement that correctly interprets the confidence interval. Choose the correct answer below.

A. One has 99% confidence that the interval from the lower bound to the upper bound actually does contain the true value of the population proportion.

B.99% of sample proportions will fall between the lower bound and the upper bound.

C. There is a 99% chance that the true value of the population proportion will fall between the lower bound and the upper bound.

D. One has 99% confidence that the sample proportion is equal to the population proportion.

Reference no: EM131074105

Questions Cloud

Why do you feel this way : Do you believe that we will experience significant global warming during this century due to air pollution? Why do you feel this way?
The creation of a digital presentation : Description Watch a Hollywood movie and discuss the main technology and its system through the creation of a digital presentation and images using Prezi.com. Watch Prezi's "8 Tips for an Awesome Prezi" and explore other prezis. Present and discuss..
Describe the features of charismatic leadership : Describe the features of charismatic leadership - Discuss the attributes of authentic leadership and describe the basic nature of the transformational leadership model.
Interpret the p-value in the context of the problem : Interpret the p-value in the context of the problem. (Note: this is NOT asking for a conclusion. Think about the definition of the p-value to answer this question.)
Question regarding the lower bound and the upper bound : a) Find the best point estimate of the population proportion p. b) Identify the value of the margin of error E. c) Construct the confidence interval. d) Write a statement that correctly interprets the confidence interval. Choose the correct answer be..
What are the main functions of the cardiovascular system : What are main functions of cardiovascular system? Which types of bacteria are considered normal cardiovascular system microflora? Which structure of the cardiovascular system is particularly susceptible to bacterial infection?
The data bus of a microprocessor system : b) RD and MEMRQ are control lines from the CPU. What must their logic state be in order to read the switches?
Technological advances in the banking system : What are some of the products and services created by the technological advances in the banking system?
Problem regarding the change in owner equity : If total assets increased $20,000 during a period and total liabilities increased $12,000 during the same period, the amount and direction (increase or decrease) of the change in owner's equity for that period is:

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd