Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Describe 90% confidence interval for the true proportion.

1. As a help to the establishment of personnel requirements the director of a hospital wishes to estimate the mean number of people who are admitted to the emergency room during a 24-hour period. The director arbitrarily selects 64 different 24-hour periods as well as determines the number of admissions for each. For this sample = 19.8 and s2 = 25. Using the sample standard deviation as an approximate for the population standard deviation what size sample should the director choose if she wishes to estimate the mean number of admissions per 24-hour period to within 1 admission with 99% reliability?

2. A university dean is attentive in determining the proportion of students who receive some sort of financial help. Rather than study the records for all students the dean randomly selects 200 students and finds that 118 of them are receiving financial aid. Use a 90% confidence interval to approximate the true proportion of students who receive financial aid.

3. An economist is attentive in studying the incomes of consumers in a particular region. The population standard deviation is known to be $1000. A random sample of 50 individuals caused in an average income of $15,000. describe what total sample size would the economist want to use for a 95% confidence interval if the width of the interval must not be more than $100?

a)  n = 1537

b)  n = 385

c)  n = 40

d)  n = 20

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M923374

Have any Question? 


Related Questions in Statistics and Probability

A system consists of five independent components in

A system consists of five independent components in parallel. The system will work if at least one of the five components works. Let Ci represent the event that component i works, i=1,...,5. P(Ci)=0.97 for all i. What is ...

For the following two questions please determine the

For the following two questions, please, determine the correct hypothesis test, state the null and research hypotheses in words and in symbols, then conduct the hypothesis test, and report the results in writing. 1. A re ...

A group of students made the following scores on a 10-item

A group of students made the following scores on a 10-item quiz in psychological statistics: {5, 6, 7, 7, 7, 8, 8, 9, 9, 10, 10} What is the variance, treating these scores as a sample?

Question in the example of the diamond in the cave what

Question: In the example of the diamond in the cave, what would be efficient law if any one explorer had only a very small probability of finding the diamond? How would your answer change if the costs of exploration were ...

The managers of a car store observe that 70 of all the cars

The managers of a car store observe that 70% of all the cars they sell are bought by people who already own a car. They also observe that 50% of the customers who come to the store but do not buy a car, already own one. ...

A blaster rifle manufacturing facility on naboo has 6500

A blaster rifle manufacturing facility on Naboo has 6,500 employees. The employees were asked whether they preferred a four-day work week (10 hours per day), a five- day work week (8 hours per day), or flexible hours. Yo ...

Problem 1 you toss a coin ten times and observe the

Problem 1. You toss a coin ten times and observe the sequence of heads and tails that results. a. How many possible outcomes are there? b. What's the probability that you will get at least one "heads"? Problem. An urn co ...

A binomial process has 892 trails and a probability of

A binomial process has 892 trails and a probability of success of 0.78. What is the standard deviation of this process distribution?

Borel wants to be a millionaire when he retires in 40 years

Borel wants to be a millionaire when he retires in 40 years. How much does he have to save each month if he can earn a 10% annual return? (round off all answers to 2 decimal places)

Jane must get at least three out of four problems on the

Jane must get at least three out of four problems on the exam correct to get an A. She has been able to do 60% of the problems on old exams, so she assumes that the probability she gets a given problem correct is 0.6. Sh ...

  • 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