Question a government agency wishes to estimate the, Ask an Expert

Statistics

Question: A government agency wishes to estimate the proportion of drivers aged 16-24 who have been involved in a traffic accident in the last year. It wishes to make the estimate to within one percentage point and at 90% confidence. Find the minimum sample size required, using the information that several years ago the proportion was 0.12.

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M92641947

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

Net present valuenbspriggs corp management is planning to

Net present value: Riggs Corp. management is planning to spend $650,000 on a new- marketing campaign. They believe that this action will result in additional cash flows of $325,000 over the next three years. If the disc ...

If two samples a and b had the same mean and sample size

If two samples A and B had the same mean and sample size, but sample A had a larger standard deviation, which sample would have the wider 95% confidence interval?

A manufacturer of matches randomly and independently puts

A manufacturer of matches randomly and independently puts 15 matches in each box of matches produced. The company knows that one-tenth of 6 percent of the matches are flawed. What is the probability that a matchbox will ...

Thirty percent of the managers in a certain company have

Thirty percent of the managers in a certain company have MBA degrees as well as professional training. Eighty percent of all managers in the firm have professional training. If a manager is randomly chosen and found to h ...

Transaction costsnbspnbspin late december you decide for

Transaction costs In late December you decide, for tax purposes, to sell a losing position that you hold in Twitter, which is listed on the NYSE, so that you can capture the loss and use it to offset some capital gains, ...

A professor teaches two statistics classes the morning

A professor teaches two statistics classes. The morning class has 25 students and their average on the first test was 82. The evening class has 15 students and their average on the same test was 74. What is the average o ...

There are 2 white balls and 8 red balls in an urn consider

There are 2 white balls and 8 red balls in an urn. Consider selecting one ball at a time from the urn. What is the probability that the first ball is red and the second ball is also red? Express the probability in fracti ...

Lipto biomedic has credit sales of 740000 yearly with

Lipto Biomedic has credit sales of $740,000 yearly with credit terms of net 60 days, with an average collection period of 75 days. Lipto does not offer a discount for early payment. (Use 365 days in a year.) a-1. What i ...

The company financial officer was interested in the average

The company financial officer was interested in the average cost of PCs that had been purchased in the past six months. A random sample of the price of 10 computers was taken with the following results (mean = $3,213): $ ...

The average price of a television on a certain web site is

The average price of a television on a certain Web site is ?$760. Assume the price of these televisions follows the normal distribution with a standard deviation of ?$190. Complete parts a through d below. What is the pr ...

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