Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

In a major industry where well over 100,000 manufacturing employees are represented by a single union, a simple random sampling of n 100 union members finds that 57% of those in the sample intend to vote for the new labor contract negotiated by union and management representatives.

a. What is the 99% confidence interval for π = the population proportion of union-represented employees who intend to vote for the labor contract?

b. Based on your response to part (a), does contract approval by the union appear to be a "sure thing"? Why or why not?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92214974

Have any Question?


Related Questions in Statistics and Probability

Assume that you deposit 1293 each year for the next 15

Assume that you deposit $ 1,293 each year for the next 15 years into an account that pays 10 percent per annum. The first deposit will occur one year from today (that is, at t = 1) and the last deposit will occur 15 year ...

Assume in a particular year aprojecthas the following

Assume in a particular year aprojecthas the following financials: NOI o $700,000; Annual Bedt Service o $430,000 (of which $400k is intrest and 30k is priciple); original loan debt of 6.2M: 39 yr depreciable life: $8M no ...

Which level of risk considers sources of danger or

Which level of risk considers sources of danger or uncertainties that have a direct and model-wide impact?

Follow up -lock box systems or regional collection

Follow Up -Lock Box Systems or Regional Collection Centers One way a business can speed up collections is Lock Box Systems or Regional Collection Centers. Explain how these can be used to speed up collections.

One study based on responses from 1016 randomly selected

One? study, based on responses from 1,016 randomly selected? teenagers, concluded that 44?% of teenagers cite grades as their greatest source of pressure. Use a 0.05 significance level to test the claim that fewer than h ...

What is correct alternative hypothesis for the claim that

What is correct alternative hypothesis for the claim that the average professional basketball player is at least 6' 9" tall. And Answer "True" if the statement is always true. If the statement is not always true, replace ...

Given a trend line of y 174x 88 where the variable x is

Given a trend line of y = 174x + 88, where the variable x is the independent variable and the variable y is the dependent variable, what is the slope of this trend line?

A puck company wants to sponsor the players with the 20

A puck company wants to sponsor the players with the 20% quickest goals in hockey games. The times of first goals are normally distributed with a mean of 8.54 minutes and a standard deviation of 4.91 minutes. How fast wo ...

A manufacture claims that the life span of its tires is

A manufacture claims that the life span of its tires is 52,000 miles. You work for a consumer protection agency and you are testing these tires. Assume the life spans of these tires are normally distributed. You select 1 ...

A process is normally distributed with a mean of 104

A process is normally distributed with a mean of 104 rotations per minute and a standard deviation of 8.2 rotations per minute. If a randomly selected minute has 118 rotations per minute, would the process be considered ...

  • 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