(Answered) Your supervisor comes to you and says she would like a

Statistics

Your supervisor comes to you and says she would like a marketing research study. She says there is a budget of $30,000. She would like to conduct a simple random sample of consumers interested in using the services of the company. She thinks that a sample of 750 would be plenty.

a. Given a confidence level of 95%, and a sample statistic of .50, what will be the MOE for a study of this type?

b. If the CPI is $15.75 per completed interview, can this study be done within the given budget?

c. How much more or less sample might you need to spend the entire budget?

d. What will be the MOE for that study (the one that uses the entire budget)?

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M93137697
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

Advantage and disadvantage of sole proprietorship than a

Advantage and disadvantage of sole proprietorship than a corporation? Example of a business that is more suitable for both sole proprietorship and corporation structure.

A few years ago simon powell purchased a home for 250000

A few years ago, Simon Powell purchased a home for $250,000. Today, the home is worth $450,000. His remaining mortgage balance is $200,000. Assuming that Simon can borrow up to 70 percent of the market value, what is the ...

Question 1from a random sample of 58 businesses it is found

Question 1 From a random sample of 58 businesses, it is found that the mean time the owner spends on administrative issues each week is 21.69 with a standard deviation of 3.54. What is the 95% confidence interval for the ...

A professional baseball pitcher takes 1566 seconds to throw

A professional baseball pitcher takes 15.66 seconds to throw each? pitch, on average. Assume the? pitcher's times per pitch follow the normal probability distribution with a standard deviation of 2.6 seconds. Complete pa ...

A researcher randomly assigned 160 subjects into one of two

A researcher randomly assigned 160 subjects into one of two groups: Atkins diet or Weight Watchers. The response variable was weight change in pounds after 6 weeks. The t-test results showed a p-value=.049. What can be c ...

Someone reasons that when a coin is tossed there are three

Someone reasons that when a coin is tossed, there are three possible outcomes: it comes up heads or tails or it lands on it edge. With three outcomes on each toss, the fundamental counting rule suggests that there are ni ...

In a study of helicopter usage and patient survival among

In a study of helicopter usage and patient? survival, among the 55,032 patients transported by? helicopter, 227 of them left the treatment center against medical? advice, and the other 54,805 did not leave against medica ...

For the given cash flows below assume the cash flow is the

For the given cash flows below, assume the cash flow is the same in the next 2 years. Compute the NPV for each project, and compute the incremental IRR. Compare and explain why NPV always gives the correct decision. ...

Research scenario a social psychologist is interested in

Research Scenario: A social psychologist is interested in whether the number of days spent in a refugee camp predicts trauma levels in recently resettled refugees. He interviews 17 refugees to determine how many days the ...

Project q costs 240 it provides inflows of 120 per year for

Project Q costs 240. It provides inflows of 120 per year for three years. The cost of funds is 6%. Find the replacement chain value needed to compare it to a six year project.

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