Many people claim they can distinguish the difference in, Ask an Expert

Statistics

Many people claim they can distinguish the difference in taste between fish that has been frozen and fish that is prepared fresh. In an experiment, a random sample of 100 consumers is presented with two portions of cooked fish, one of each kind. Of these consumers, 64 can correctly distinguish between the fresh and the frozen fish.

a. Use a point estimate to estimate the proportion of people in the population who can make this distinction.

b. The answer to part a is an estimate and thus subject to variability. What is the estimated variance of this estimate?

c. Use the normal approximation to the binomial distribution in order to place a 95% confidence interval on the proportion.

d. Is there statistically significant evidence that some people can distinguish fresh fish and are not just guessing? Explain.

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M92777941

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

Suppose a sample space has things ab and c twice draw from

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

The following frequency table summarizes the distances in

The following frequency table summarizes the distances in miles of 100 patients from a regional hospital. Distance Frequency 0-2 30 2-4 35 4-6 20 6-8 ...

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 ...

Mrs salmon agrees to repay a loan by paying 500 at the end

Mrs. Salmon agrees to repay a loan by paying $500 at the end of each month for 5 years. The first payment is due at the end of the 6th month from today and the remaining payments will continue for another 59 months. If t ...

Yixuan is building a tower out of lego pieces for the

Yixuan is building a tower out of Lego pieces. For the bottom layer of the tower, he has 12 large Lego blocks to choose from. Each of these large blocks is a different color and he has decided to use 5 of them for the bo ...

The speed of cars on a stretch of road is normally

The speed of cars on a stretch of road is normally distributed with an average 42 miles per hour with a standard deviation of 5.9 miles per hour. What is the probability that a randomly selected car is violating the spee ...

Please let me know what are the steps involved in computing

Please let me know what are the steps involved in computing the future value when you have multiple cash flows.

The height of 5th grade boys is normally distributed with

The height of 5th grade boys is normally distributed with mean μ=57 inches and standard deviation σ=2 inches. What is the probability that the height of a randomly selected 5th grade boy will be between 53 inches and 61 ...

What is the annual coupon rate of a 7-year corporate bond

What is the annual coupon rate of a 7-year corporate bond given that its current price is $930, par = 1,000, semi-annual coupon, YTM=10%?

Cash flowsnbspnbspit is typical for jane to plan monitor

Cash flows It is typical for Jane to plan, monitor, and assess her financial position using cash flows over a given period, typically a month. Jane has a savings account, and her bank loans money at 6% per year while it ...

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

Recent Questions

Ask Statistics and Probability Expert