Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Question: A survey is conducted from a population of people of whom 40% have a college degree. The following sample data were recorded for a question asked of each person sampled, "Do you have a college degree?"

829_14.png

a. Calculate the sample proportion of respondents who have a college degree.

b. What is the probability of getting a sample proportion as extreme or more extreme than the one observed in part a if the population has 40% with college degrees?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92461233
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

When a company founder sells stock to outside investors in

When a company founder sells stock to outside investors in order to raise? capital, the share of the company owned by the founder and the? founder's control over the company will be reduced.

In february 2017 the risk-free rate was 431 percent the

In February 2017 the risk-free rate was 4.31 percent, the market risk premium was 6 percent, and the beta for Twitter stock was 1.58. What is the expected return that was consistent with the systematic risk associated wi ...

Suppose that for a given patient the true ef is 63 consider

Suppose that, for a given patient, the true EF is 63. Consider the population of EF values that can be estimated on that patient using option II above. That population follows a normal distribution with μ= 63. Find the p ...

Ecolap inc ecl recently paid a 046 dividend the dividend is

Ecolap Inc. (ECL) recently paid a $0.46 dividend. The dividend is expected to grow at a 12.50 percent rate. The current stock price is $49.72. What is the return shareholders are expecting?

A test of the null A test of the null hypothesis  H 0 :  μ  =  μ 0  gives test statistic 

A test of the null hypothesis  H 0 :  μ  =  μ 0  gives test statistic  z  = -0.58  (Round your answers to four decimal places.) a) What is the  P -value if the alternative is  H a :  μ  >  μ 0 ? b) What is the  P -value ...

Some commercial aircraft fly with two engines assuming that

Some commercial aircraft fly with two engines. Assuming that the aircraft can land safely on a minimum of one engine, what is the probability of a catastrophe (non-safe landing due to engine failure) for the life of the ...

A company recently had 26 million shares outstanding

A company recently had 26 million shares outstanding trading at $45/share. The company announces its intention to raise $290M by selling new shares. Studies show losses are 30%of the size of the new issue, so how large a ...

You hold a stock with price 100 that can increase by 10 or

You hold a stock with price $100 that can increase by 10% or decrease by 10% m a year. The interest rate is 5% a) Suppose that you want to ensure that you'll get a minimum of $I00 in a year regardless of the evolution of ...

The table shows the results of a survey in which 400 adults

The table shows the results of a survey in which 400 adults from the? East, 400 adults from the? South, 400 adults from the? Midwest, and 400 adults from the West were asked if traffic congestion is a serious problem. Co ...

Jane must get at least three out of four problems on the

Jane must get at least three out of four problems on the exam correct to get an A. She has been able to do 60% of the problems on old exams, so she assumes that the probability she gets a given problem correct is 0.6. Sh ...

  • 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