Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

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% 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?

NOTE: The Very Quick Rule (VQR) for a 95% 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 example it works poorly for the Ameritech example because p = .15. However, the VQR may be useful in making a quick assessment.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9171758

Have any Question?


Related Questions in Statistics and Probability

Your client wants to buy a business that provides financial

Your client wants to buy a business that provides financial advice to local small businesses. The firm generated $650,000 in cash flows during the previous year, and the discount rate to value firms in this sector is 11% ...

A basket contains 5 bananas and 5 apples each of ten people

A basket contains 5 bananas and 5 apples. Each of ten people picks two fruits at random from the basket without replacement. (a) What is the probability that the first people picks one apple and one banana? (b) What is t ...

You are looking at two investment options option a and

You are looking at two investment options, Option A and Option B. Following are their populations of returns for the last five years: Option A Option B Year 1 15% 8% Year 2 22% 12% Year 3 8% 10% Year 4 2% 7% Year 5 13% 9 ...

In preparing a defense against a hostile takeover a firms

In preparing a defense against a hostile takeover, a firm's management assesses the owners of both common and preferred stock with respect to their attitudes toward current management. Of 600 common stockholders, 322 rep ...

How does a market-maker decide the edge offset required to

How does a market-maker decide the edge (offset) required to perform an options trade? Explain why this edge would be different for options of different strikes as well as for option combinations?

1i your company currently hasnbsp1000nbspparnbsp65

1 i. Your company currently has $1,000 ?par, 6.5 % coupon bonds with 10 years to maturity and a price of $1,082. If you want to issue new? 10-year coupon bonds at? par, what coupon rate do you need to? set? Assume that f ...

According to national data about 14 of american college

According to national data, about 14% of American college students earn a graduate degree. Using this estimate, what is the probability that exactly 24 undergraduates in a random sample of 200 students will earn a colleg ...

Stock valuation gruber corp pays a constant 9 dividend on

Stock Valuation Gruber Corp. pays a constant $9 dividend on its stock. The company will maintain this dividend for the next 12 years and will then cease paying dividends forever. If the required return on this stock is 1 ...

Jane is an analyst and their company wants to get a return

Jane is an analyst and their company wants to get a return of atleast 7.3% compounded Semi-Annually on their investment. Jane will only have use of the money for 111 Months before the company needs it for another project ...

Below are commute times and amounts of rainfall for a few

Below are commute times and amounts of rainfall for a few randomly selected dates last year. Rain (mm) Commute time (min) 3 20 0 10 1 25 9 30 15 60 12 25 Treat "Rain" as the X variable Compute the value of r for the corr ...

  • 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