Write a confidence interval problem using given options

Assignment Help Other Subject
Reference no: EM132315558

Assignment: For your initial post, choose one of the following two prompts to respond to. Then in your two follow up posts, respond at least once in each option.

Write a confidence interval problem using one of the options below. For whichever option you choose, gather the appropriate data and post your problem (without a solution) in the discussion topic. Allow time for your classmates to post their solutions, and then respond to your own post with the solution for others to check their work.

Option 1: Think about a population mean that you may be interested in and propose a confidence interval problem for this parameter. Your data values should be approximately normal.

For example, you may want to estimate the population mean number of times that adults go out for dinner each week. Your data could be that you spoke with seven people you know and found that they went out 2, 0, 1, 5, 0, 2, and 3 times last week. You then would choose to calculate a 95% (or another level) confidence interval for the population mean.

Assume a random sample was chosen, which is required to determine a confidence interval.

Option 2: Think about a population proportion that you may be interested in and propose a confidence interval problem for this parameter.

For example, you may like to estimate the population proportion of adults in the US who own SUVs. The data could be that you researched online by looking at a local dealership to find that 142 of the 432 vehicles sold are SUVs. You want to calculate a 90% (or another level) confidence interval for the population proportion. Assume a random sample.

RESPONSE: For your response to a classmate (two responses are required, one in EACH option), solve a classmate's confidence interval problem using a confidence level not previously used for that specific classmate's problem. Make sure that you use appropriate terminology to state the problem and explain your solution.

Reference no: EM132315558

Questions Cloud

Descriptive essay-cultural anthropology : which you compare forms of life and economic systems in today's world from a socio-cultural approach. This is vocabulary: cultural anthropology
What is 20x1 depreciation expense : On April 6, 20X1, your firm purchases for $250,000 a machine that management estimates will last 15 years and have a salvage value of $10,000.
Determine the changes in assets-liabilities and equity : Use the Income Statement and Balance Sheet to determine the changes in: (i) assets, liabilities, and equity (ii) total revenue and net income.
What is the maximum section 179 deduction for purchases : File Cabinet 2,000 October 15, 2012 Computer 6,000 December 31, 2012 What is the maximum 2012 Section 179 deduction for these purchases?
Write a confidence interval problem using given options : Write a confidence interval problem using one of the options below. For whichever option you choose, gather the appropriate data and post your problem.
Describe front-office and back-office processes : Describe front-office and back-office processes. What are front-office and back-office processes in a regular restaurant? Identify the four types of layouts
What do you think of huntington thesis : What do you think of Huntington's thesis? Do you agree with his points? Do you think that studying philosophy will help you understand this new geo-political.
What is the net present value of making the part instead : Equipment would have to be purchased for $30,000 and will last for 7 years, at which time it will have a disposal value of $7,000.
What is net present value of replacing current equipment : X Company must decide whether to continue using its current equipment or replace it with new, more efficient equipment.

Reviews

Write a Review

Other Subject Questions & Answers

  Detremine which of the eight traits or skills associated

Detremine which of the eight traits or skills associated with being an effective project manager would be the most effective when managing a group of newly hired engineers.

  Define presidential doctrine

Define presidential doctrine and summarize the regional or global events during the Cold War leading up to the formation of the presidential doctrine you wrote.  Describe the relationship that currently exists between the U.S. and the country you s..

  Examine how you might fully virtualize your enterprise

Imagine that you are a CIO for a midsized organization. Examine how you might fully virtualize your enterprise from your network appliances, servers.

  Brilliant color is small supplier of chemicals

Brilliant Color is a small supplier of chemicals and equipment that are used by some photographic  stores to process 35mm film. One product that Brilliant Color supplies is BC-6. John Kubick, president of Brilliant Color, normally stocks 11, 12, or ..

  Design a marketing plan for 3m australia

Marketing mix strategy by looking at the various marketing theories taught this term. The challenge is to think outside the box and create a plan that is feasible for the brand - Marketing Plan for a company - the specific case study.

  Also include what you learned about the subject matter and

select a building environmental variable of interest to you andcompareat least two different systems that can be

  Protect bones from breakage

What components (non-minerals) within bone cells that protect bones from breakage?

  How to operate the sony digital hd video camera

The following will be used to assist the individual(s) that are going to operate the Sony Digital HD Video Camera model number HVR-Z7R/Z7N.

  Key collaborators

Key collaborators include all of the following except:

  A brief summary of what was going on with the family

Read the entire "Vargas Family Case Study" (all eight sections). Consider the progress (or lack thereof) over the past eight sessions.

  What regulations would you place on your officers

What regulations would you place on your officers and under what circumstances would you authorize them to engage in a car pursuit?

  Demonstrating effective leadership

Determine if the leader was effective in resolving the issue. Did he or she offer a solution that everyone understood? Explain. Support your decision with references to at least one peer-reviewed journal or resource.

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!

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