Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Question: Airplane safety (optional). In the setting of Exercise, what is the probability of getting a sample in which fewer than 60% think that airplanes would be safer if pilots carried guns?

Exercise: Airplane safety. Suppose that 62% of all adults think that airplanes would be safer places if pilots carried guns. An opinion poll plans to ask an SRS of 1009 adults about airplane safety. The proportion of the sample who think that airplanes would be safer if pilots carried guns will vary if we take many samples from this same population. The sampling distribution of the sample proportion is approximately Normal with mean 0.62 and standard deviation about 0.015. Sketch this Normal curve and use it to answer the following questions.

(a) What is the probability that the poll gets a sample in which more than 65% of the people think that airplanes would be safer if pilots carried guns?

(b) What is the probability of getting a sample that misses the truth (62%) by 1.5% or more?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92447916
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

The statistical and regression questions are listed

The statistical and regression questions are listed below: What is the value of the simple correlation between TICKETS and COST? If you are able to determine the answer, is showing the film in more theatres associated wi ...

An independent-measures study has one sample with n 10 and

An independent-measures study has one sample with n = 10 and a second sample with n = 15 to compare two experimental treatments. What is the df value for the t statistic for this study?

Two people agree to meet at a coffee shop they each

Two people agree to meet at a coffee shop. They each independently pick a random moment in time between 8 a.m. and 9 a.m. and show up exactly at their selected time. But they are very impatient, and only stay for 10 minu ...

A researcher working at a particular company wants to know

A researcher working at a particular company wants to know if workers' health would improve if they were given extra days 'off. In this company, all workers undergo a standard physical exam twice a year and after each ex ...

A firm evaluates all of its projects by applying the irr

A firm evaluates all of its projects by applying the IRR rule. Year Cash Flow 0 -$ 153,000 1 78,000 2 67,000 3 49,000 What is the project's IRR? If the required return is 11 percent, should the firm accept the project? Y ...

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 ...

Seedlings come in packages of 10 and consist of the

Seedlings come in packages of 10 and consist of the following: 2 Douglas-fir, 3 spruce, and 5 pines. In any given package, how many ways can the 10 seedlings be arranged if seedlings that are the same species cannot be d ...

Sixty percent of adults have looked at their credit score

Sixty percent of adults have looked at their credit score in the past six months. If you select 31 customers, what is the probability that at least 25 of them have looked at their score in the past six months?

Describe the general concept of economic analysis is this

Describe the general concept of economic analysis. Is this type of analysis necessary, and can it really help the individual investor make a decision about stock? Explain

Consumer product manufacturers commonly include customer

Consumer product manufacturers commonly include customer satisfaction surveys on product warranty cards that are sent back to the company. An outdoors company redesigned a popular camping tent, and it wants to know wheth ...

  • 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