Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

It's believed that as many as 25% of adults over 50 never graduated from high school. We wish to see if this percentage is the same among the 25 to 30 age group.

a) How many of this younger age group must we survey in order to estimate the proportion of non-grads to within 6% with 90% confidence?

b) Suppose we want to cut the margin of error to 4%. What's the necessary sample size?

c) What sample size would produce a margin of error of 3%?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92229676

Have any Question?


Related Questions in Statistics and Probability

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 intermediate calculations. Round your answer to 2 decimal places.)

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.

50 of the cars in a dealer lot are red 20 are black and 16

50% of the cars in a dealer lot are red, 20% are black, and 16% are white. The remainder are some other unspecified color. Salespersons randomly shows three cars to three different customers. What is the probability the ...

According to a field poll 258 out of 602 of california

According to a Field Poll, 258 out of 602 of California adults feel that "education and our schools" is one of the top issues facing California. We wish to construct a 90% confidence interval for the true proportion of C ...

A study indicates that the weights of adults are normally

A study indicates that the weights of adults are normally distributed with a mean of 140 lbs and a standard deviation of 25 lbs. Find a value of weight  x  such that only 20% of adults weigh less than that. A. 136 B.190 ...

Across the nine cities in multilevel multivariate analysis

Across the nine cities, in multilevel, multivariate analysis, controlling for income inequality (GINI coefficient), percent living in poverty and percent Non-Hispanic Black population, the ZIP code level overall HIV diag ...

You invested 7900 one year ago today it is worth 865490

You invested $7,900 one year ago. Today it is worth $8,654.90. What annual rate of interest did you earn? [use annual compounding]

Suppose a sampling space has things a b and c twice draw

Suppose a sampling space has things a, b, and c. Twice draw from the sample space and replace. The possible sequence formed are {aa,ab,ac,ba,bb,bc,cacb,cc}. Now suppose there are Y different things. There are Y ways the ...

Fifth fourth national bank has a savings program which will

Fifth Fourth National Bank has a savings program which will guarantee you $11,000 in 12 years if you deposit $60 per month. What APR is the bank offering you on this savings plan?

The ph acidity of the liquor is critical for regulating dye

The pH (acidity) of the liquor is critical for regulating dye uptake and hence the final color. There are 5 kettles, all of which receive dye liquor from a common source. Past data show that pH varies according to a Norm ...

  • 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