subject
Business, 08.01.2021 16:50 mullerma

2. Based on a poll of 1000 residents, a newspaper article claims that 62% of the residents in town favor the development of a recreational park on the west side of town. A community action group interested in preserving the environment claims that 45% of the town’s residents favor the development of a recreational park. To determine whether the sample supports the population proportion, a simulation of 100 trials is run, each with a sample of 200, using the point estimate of the population. The minimum sample proportion from the simulation is 0.46 and the maximum sample proportion is 0.76.
(a) What is the point estimate of the population?
(b) The margin of error of the population proportion is found using an estimate of the standard deviation. What is the interval estimate of the true population proportion?
(c) The margin of error of the population proportion is found using the half the range.
What is the interval estimate of the true population proportion?
(d) Is the community action group’s claim likely based on either interval estimate of the true population proportion? Explain.

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 03:30, skylar1315
Used cars usually have options: higher depreciation rate than new cars lower financing costs than new cars lower insurance premiums than new cars lower maintenance costs than new cars
Answers: 1
image
Business, 22.06.2019 16:10, safiyyahrahman6907
From what part of income should someone take savings?
Answers: 2
image
Business, 23.06.2019 00:10, Easton777
Wang distributors has an annual demand for an airport metal detector of 1 comma 350 units. the cost of a typical detector to wang is $400. carrying cost is estimated to be 19% of the unit cost, and the ordering cost is $24 per order. if ping wang, the owner, orders in quantities of 300 or more, he can get a 10% discount on the cost of the detectors. should wang take the quantity discount? \
Answers: 1
image
Business, 23.06.2019 00:40, ovoxotas
The recognition of which of the following expenses exemplifies the application of matching expenses with the revenues they produced? multiple choice(a) cost of goods sold. (b) advertising.(c) president's salary.(d) research and development.
Answers: 3
You know the right answer?
2. Based on a poll of 1000 residents, a newspaper article claims that 62% of the residents in town f...

Questions in other subjects: