Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

Assignment

Suppose that there are two candidates (i.e., Jones and Johns) in the upcoming presidential election. Sara notes that she has discussed the presidential election candidates with 15 friends, and 10 said that they are voting for candidate Jones. Sara is therefore convinced that candidate Jones will win the election because Jones gets more than 50% of votes.

Answer the following questions in the space provided below:

1. Based on what you now know about statistical inference, is Sara's conclusion a logical conclusion? Why or why not?

2. How many friend samples Sara should have in order to draw the conclusion with 95% confidence interval? Why?

3. How would you explain your conclusion to Sara without using any statistical jargon? Why?

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92067992
  • Price:- $30

Priced at Now at $30, Verified Solution

Have any Question?


Related Questions in Business Management

In the book contagious the author indicates that throwing

In the book "Contagious" the author indicates that throwing advertising money at a product does not necessarily mean we buy. Consider the "eat more vegetables" campaign, it did not work. WHAT did it lack? Do you agree? E ...

What are the benefits of asking open questions of clients

What are the benefits of asking open questions of clients in gaining your feedback?

1 what is the pepsico business model2 what is the reason

1. What is the PepsiCo business model? 2. What is the reason for incorporating the lean approach at PepsiCo? 3. What is the planning process for lean management operations in (PepsiCo)? 4. How to implement an information ...

How can research and development be misleading in aspects

How can research and development be misleading in aspects of global marketing?

Can you show me the details in setting up a calculator

Can you show me the details in setting up a calculator funtion either using Python or Flowchart model using multiplication , add, subtract and minus.

Ricardo the ceo of sunflower organics hires a consultant

Ricardo, the CEO of Sunflower Organics, hires a consultant, Saadia, to analyze his production process. Ricardo has been using the same production process for the nearly twenty years he's been in business. His employees a ...

Can i get some help with thisis forward rate pricing rate

Can I Get some help with this. Is Forward Rate Pricing Rate Agreements. Useful for government contracting? Are they risky? Is it useful for planning a program?

Find an example of conflict this leader dealt with and use

Find an example of conflict this Leader dealt with and use the course concepts to judge its results. Was this Leader an effective negotiator? Explain your answer using concepts from this chapter.

What steps has whole foods taken in approprately planning

What steps has Whole Foods taken in approprately planning strategy? Assuming WFoods must develop a new business model, how should they go about this?

The term refers to employees working with data and

The term refers to employees working with data and generating information, rather than creating a product or other tangible output.

  • 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