Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

A consumer products company surveys 30 shoppers at a mall and asks each one if he/she likes the packaging of a new soap product. The results of the survey are:

Yes: 10; No: 19; No opinion: 1.

(a) Use these data to estimate the proportion of shoppers who would like the package for the soap.

(b) Suppose the company gathered these data by talking to customers in one of their stores. What impact might this have on the results. Suggest a better way to gather the data.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91730853

Have any Question?


Related Questions in Statistics and Probability

Dr garcia has a dream to complete a ironman triathlon the

Dr. Garcia has a dream to complete a Ironman triathlon. The race consists of a 2.4 mile swim, a 112 mile bike ride, and a marathon run of 26.2 miles. In training, Dr. Garcia estimates that he can swim at an average pace ...

A professional baseball pitcher takes 1566 seconds to throw

A professional baseball pitcher takes 15.66 seconds to throw each? pitch, on average. Assume the? pitcher's times per pitch follow the normal probability distribution with a standard deviation of 2.6 seconds. Complete pa ...

A lot contains 15 items and 6 are defective if two items

A lot contains 15 items and 6 are defective. If two items are drawn at random from the lot, without replacement, what is the probability there is exactly one non-defective? (Hint: You have to use both Multiplication and ...

A doctor wants to predict the birth weight of a newborn

A doctor wants to predict the birth weight of a newborn baby (measured in grams) based on the gestational age (measured in weeks) at the time of birth. The doctor uses 11 data points, with births ranging from 29 weeks to ...

There are 2 white balls and 8 red balls in an

There are 2 white balls and 8 red balls in an urn. Consider selecting one ball at a time from the urn. What is the probability that the first ball is red and the second ball is also red? Express the probability in fracti ...

Assume 20 of customers who enter a clothing store make a

Assume 20% of customers who enter a clothing store make a purchase and customers behave independently of one another. Ten customers enter the store in the next hour. The salesman on duty makes $20 per hour plus a $10 com ...

A coin is flipped five times in an experiment if x is the

A coin is flipped five times in an experiment. If x is the number of heads that turn out in the experiment, what is the set of possible values of variable x?

Heightnbspinnbspinchesnbsp69nbsp67nbsp69nbsp71nbsp70nbsp72nb

Height in inches  69  67  69  71  70  72  Weight in lbs  164  161  189  192  184  198  a) Find the equation of the regression line with height as the explanatory variable and use the regression line to find the predicted ...

Indigo environment corp just paid a dividend of 1 per share

Indigo Environment Corp. just paid a dividend of $1 per share. The dividends are expected to grow at 25% for the next eight years and then level off to 6% growth rate indefinitely. If the required return is 10%, what is ...

The diameter of ping pong balls manufactured at a large

The diameter of Ping Pong balls manufactured at a large factory are approximately normally distributed with a mean diameter of 1.30 inches and a standard deviation of .04 inches. Use Excel to calculate the probability of ...

  • 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