Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

In next presidential election of year 2012, five candidates running for election are Herman Cain, Michele Bachmann, Barack Obama, Mitt Rimney, and Newt Gingrich. It is desired to determine the true proportion favoring one of five candidates.

a) Based upon Sample size 1000 with 94% confidence, how close (plus or minus) must we expect our estimate to be to the true value?

b) If we wanted to be 99% sure that our determine was within 0.05 of the true value, how large the sample size should be?

c) If 575 in the sample of 1000 were found to prefer Mitt Rimney, determine the lower limit of the two-sided 90% confidence interval for the true proportion?

d) Based upon the information in part (c), test the hypothese Ho: "pie"<+0.5 vs H1: "pie">0.5 and find out the critical value of sample proportion (P).

e) Find out the p-value for part (d)

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91124295

Have any Question?


Related Questions in Statistics and Probability

Why is it that some people make very high returns on the

Why is it that some people make very high returns on the stock market if it is so efficient? Is it more difficult to reconcile very high returns with efficient markets if the same people make extraordinary returns year a ...

A manufacturer obtains clock-radios from three different

A manufacturer obtains? clock-radios from three different? subcontractors: 10?% from? A, 30?% from? B, and 60?% from C. The defective rates for these subcontractors are 3?%, 2 %, and 5?% respectively. If a defective? clo ...

A researcher determines that students study an average of

A researcher determines that students study an average of 60 15 (M SD) minutes per week. Assuming these data are normally distributed, what is the z score for students studying 45 minutes per week?

Research research and sample 5000 household concerning tv

Research research and Sample 5000 household concerning TV shows they watch. Based on the sample 18% reported watching 60 Minutes. What is the 95% confidence interval for the proportion of all Americans that watch 60 minu ...

Please help answer the following question1 some research

Please help answer the following question 1) Some research suggests that police officers are more likely to make an arrest in the presence of bystanders. If mentally disordered suspects attract more attention from bystan ...

Matterhorn inc had the following sales for the past six

Matterhorn, Inc. had the following sales for the past six months. Matterhorn collects its credit sales 30% in the month of sale, 60% one month after the sale, and 10% two months after the sale. Cash Sales Credit Sales Ja ...

Suppose we can only sample from uniform distribution 01

Suppose we can only sample from Uniform distribution (0,1) with k=3. Design an algorithm to simulate chi-square distribution with 2k freedom via general transformation method.

If a study was done to measure the total brain volume of

If a study was done to measure the total brain volume of patients that had schizophrenia and also of patients that are normal. Table 1 has the total brain volume of the normal patients and table 2 has the total brain vol ...

The companys cleaning service states that they spend more

The company's cleaning service states that they spend more than 46 minutes each time the cleaning service is there. The company times the length of 37 randomly selected cleaning visits and finds the average is 47.6 minut ...

Among 140 subjects with positive test results there are 25

Among 140 subjects with positive test? results, there are 25 false positive? results; among 152 negative? results, there are 22 false negative results. If one of the test subjects is randomly? selected, find the probabil ...

  • 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