Business, 20.02.2020 22:27 Haneendye123
A recent Gallup Poll of 1000 randomly selected American adults resulted in 850 people saying that, among a list of professions that were assessed for honesty and ethical standards, nurses' honesty and ethical standards are "very high" or "high". The chairman of the admission committee for a well-known nursing school plans to publicize these results to potential applicants. He comes to you for help to use these results to provide an estimate of the population proportion of all American adults who say that nurses' honesty and ethical standards are "very high" or "high". You ask the chairman what confidence level should be used 90%, 95%, 98% or 99%. The chairman says "I am not sure what the confidence level really means, but use 98% I guess". The chairman also adds, "My colleagues have always said that 99% of nurses are ethical or honest." Does the data support this?
You create the following list to help you remember the various items you need to include in your response back to the chairman:
1. Assumptions: You know a random sample of American adults was selected. You plan to both (a) state and (b) check the remaining necessary assumption using proper notation to use the normal approximation to the binomial.
2. Computations: You will need to compute (showing all work so the chairman can follow your computations) the 98% confidence interval.
3. Confidence Interval Interpretation: You will need to provide an interpretation of the 98% confidence interval in context.
4. Confidence Level Explanation: Since the chairman was unclear what the confidence level means, you will need to include a sentence to explain it, that is, provide an interpretation of the 98% confidence level in context.
5. Support for p=0.99: You will need to assess whether the chairman should have been disappointed. Using your interval, you will need to provide a brief explanation as to whether there is support for the chairman's colleagues' view that 99% of nurses are ethical or honest.
Complete your responses in the list to the chairman, clearly identifying each item in the list.
Answers: 1
Other questions on the subject: Business
Business, 22.06.2019 18:00, tifftiff22
On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?
Answers: 1
Business, 22.06.2019 20:20, caleelwittmann31
This activity is important because as a marketing manager, you must allocate resources to reach your target market. during the strategic marketing process, managers move through three important phases to determine how to optimally allocate resources: a planning phase, an implementation phase, and an evaluation phase. in this interactive exercise, you are asked to review various strategic marketing actions and determine where in the strategic marketing process the action would occur. the goal of this exercise is to demonstrate your understanding of the strategic marketing process and related marketing actions.
Answers: 2
Business, 22.06.2019 20:40, nikolas36
Aggart technologies is considering issuing new common stock and using the proceeds to reduce its outstanding debt. the stock issue would have no effect on total assets, the interest rate taggart pays, ebit, or the tax rate. which of the following is likely to occur if the company goes ahead with the stock issue? a. the roa will decline. b. taxable income will decline. c. the tax bill will increase. d. net income will decrease. e. the times-interest-earned ratio will decrease
Answers: 1
Business, 23.06.2019 10:00, samy14
Brokers such as paypal benefit online businesses because they do not charge fees like credit cards. they deliver the money to the business immediately. they cannot store credit card numbers. the business does not have to get an account with credit-card companies.
Answers: 3
You know the right answer?
A recent Gallup Poll of 1000 randomly selected American adults resulted in 850 people saying that, a...
Questions in other subjects:
English, 06.01.2020 22:31
Business, 06.01.2020 22:31
Advanced Placement (AP), 06.01.2020 22:31
Mathematics, 06.01.2020 22:31
