Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

1. Concentrations of atmospheric pollutants such as carbon monoxide (CO) can be measured with a spectrophotometer. In a calibration test, 50 measurements were taken of a laboratory gas sample that is known to have a CO concentration of 70 parts per million (ppm). A measurement is considered to be satisfactory if it is within 5 ppm of the true concentration. Of the 50 measurements, 37 were satisfactory.

a. What proportion of the sample measurements were satisfactory?

b. Find a 95% confidence interval for the proportion of measurements made by this instrument that will be satisfactory.

c. How many measurements must be taken to specify the proportion of satisfactory measurements to within ±0.10 with 95% confidence?

d. Find a 99% confidence interval for the proportion of measurements made by this instrument that will be satisfactory.

e. How many measurements must be taken to specify the proportion of satisfactory measurements to within ±0.10 with 99% confidence?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91725002

Have any Question?


Related Questions in Microeconomics

Question select a developed country that has implemented a

Question: Select a developed country that has implemented a tariff and a developing country that manufactures products that are affected by that same tariff. Investigate the impact of the trade barrier on the developing ...

Question the cities of peabody and woburn are five miles

Question: The cities of Peabody and Woburn are five miles apart. Woburn enacts a rent control law that puts a ceiling on rents well below their competitive market value. Predict the effect of this law on the competitive ...

Question is there a gender gap in public relations why does

Question: Is there a gender gap in public relations? Why does the field attract more women than men? How does each gender perceive careers in public relations? Focus groups with majors at three universities provided some ...

Question read the following letter from a magazine

Question: Read the following letter from a magazine publisher: Dear Parent: Currently your Growing Child/Growing Parent subscription will expire with your 24-month issue. To renew on an annual basis until your child reac ...

Question write a brief essay minimum 250 words on the

Question: Write a brief essay (minimum 250 words) on the following: You've read about the price elasticity of demand. Much as the price elasticity of demand applies to products, it can also be applied to individual brand ...

Question a law is passed that requires every firm in a

Question: A law is passed that requires every firm in a perfectly competitive industry to give six months' notice before it closes. What effect, if any, will this law have in the short run? In the long run? The response ...

Question the current price of a stock is 50 suppose the

Question: The current price of a stock is $50. Suppose the following distribution describes the possible prices that the stock will be in 1 year: the probability the stock price will be 45 is 0, the probability the stock ...

Question suppose you are the manager of a chain of computer

Question: Suppose you are the manager of a chain of computer stores. For obvious reasons you have been closely following developments in the computer industry, you have just learned that the government has passed a two-p ...

Question the english and the vickrey auction are

Question: The English and the Vickrey auction are strategically equivalent, and the revenue for the seller is the same. Yet, in terms of the information received by the seller/auctioneer they are different. What is this ...

Question - the federal government recently decided to raise

Question - The federal government recently decided to raise the excise tax on hard liquor. a. Graphically illustrate the effects of this tax on the market for hard liquor. b. Would a $1 increase in the excise tax on liqu ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As