Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Find the Confidence interval for single proportion. 

Biting an unpopped kernel of popcorn hurts! As an experiment, a self-confessed connoisseur of cheap popcorn carefully counted 773 kernels and put them in a popper. After popping, the unpopped kernels were counted. There were 86.
a) Construct a 90 percent confidence interval for the proportion of all kernels that would not pop.
b) Check the normality assumption.
c) Try the Very Quick Rule. Does it work well here? Why or why not?
d) Why might this sample not be typical?
NOTEThe Very Quick Rule (VQR) for a 95 percent confidence interval when p is near .50 is
p+/-  1/square root n.
The VQR begins to fail when p is outside the range .40 < p < .60. For ex it works poorly for the Ameritech ex because p = .15. Though, the VQR may be useful in making a quick assessment.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M921907

Have any Question?


Related Questions in Statistics and Probability

During this course you have compiled a marketing plan for

During this course, you have compiled a marketing plan for your fictional start-up company. Share the most important part of the marketing plan, and include an explanation of your company and product/service, situation a ...

Armstrong faber produces a standard number-two pencil

Armstrong Faber produces a standard number-two pencil called Ultra-Lite. The demand for Ultra-Lite has been fairly stable over the past ten years. On average, Armstrong Faber has sold 457,000 pencils each year. Furthermo ...

A firm requires an investment of 18000 and will return

A firm requires an investment of $18,000 and will return $26,000 after one year. If the firm borrows $10,000 at 8% what is the return on levered equity?

Fifty-seven percent of employees make judgements about

Fifty-seven percent of employees make judgements about their co-workers based on the cleanliness of their desk. You randomly select 8 employees and ask them if they judge co-workers based on this criterion. The random va ...

1 let random variable x represent the

1. Let random variable x represent the number of heads when a fair coin is tossed two times. (a) Construct a table describing the probability distribution. x P(x) 0 1 2 Determine the mean and standard deviation of x.

What is the difference between a linear quadratic and cubic

What is the difference between a linear, quadratic, and cubic regression analysis? Please provide a reference.

What is the sample size for studies with moe of -35 and -28

What is the sample size for studies with MOE of +/-3.5% and +/-2.8%, with a confidence level of 95%, sample statistics of 50. Suppose the category population was 7500 (less than 10,000)? Remember the FPC. What would be t ...

Out ofnbsp350nbspapplicants for a jobnbsp158nbspare female

Out of 350 applicants for a job, 158 are female and 66 are female and have a graduate degree. Step 1 of 2:  What is the probability that a randomly chosen applicant has a graduate degree, given that they are female? Expr ...

Jennifers broker has shown her two options in the

Jennifer's broker has shown her two options in the securities market for investment. Security one is a bond of par value of $1,000. The bond has a coupon interest rate of 11% paid annually maturing in seven years, with y ...

Describe the general concept of economic analysis is this

Describe the general concept of economic analysis. Is this type of analysis necessary, and can it really help the individual investor make a decision about stock? Explain

  • 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