1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
musickatia [10]
3 years ago
11

The automatic ticket machines at a railroad station are programmed to ask every 7th ticket buyer on a given day if they would bu

y snacks on the train if snacks were available. of the 316 people shown this question, 198 of them answered yes. based on this sample, about how many of the regular 2200 daily passengers would buy snacks on the train?
Business
1 answer:
jeka943 years ago
3 0
Calculate the sample proportion (198 yes responses out of 316).
\hat{p}= \frac{198}{316} =0.6266

We want to test against a sample size of n = 2200 daily passengers.
In order to use the normal distribution, we should satisfy
n \hat{p} \ge 10\,\, and\,\, n(1 - \hat{p}) \ge 10
2200*0.6266 = 1378.5
2200*(1-0.6266) = 821.5
We may use the normal distribution.

Let us use a 95% confidence interval.
The estimate for the population proportion is
p=\hat{p} \pm z^{*}  \sqrt{ \frac{\hat{p}(1-\hat{p})}{n} }
where z* = 1.96 at the 95% confidence level.

1.96 \sqrt{ \frac{06266(1-0.6266)}{2200} } =0.0202
Therefore
p = 0.6266 +/-0.0202 = (0.6064, 0.6468)

Answer:
At the 95% confidence level, about 60% to 64% of regular passengers will buy snacks on the train.
You might be interested in
Buying food to feed your family, a lawn mower to care for your lawn, or a car to drive yourself to work are purchases with what
Nata [24]

Answer:

Rational Motive

Explanation:

A rational motive is the willingness to make an action based on logical and rational criteria

4 0
3 years ago
A company has net sales of $763,000 and cost of goods sold of $551,000. Its net income is $20,160. The company's gross margin an
SCORPION-xisa [38]

Answer:

27.79%; $191,840

Explanation:

Given that,

Net sales = $763,000

Cost of goods sold = $551,000

Net Income = $20,160

Gross Profit :

= Net sales - Cost of goods sold

= $763,000 - $551,000

= $212,000

Gross margin :

= Gross Profit  ÷ Net sales

= $212,000 ÷ $763,000

= 0.2779 or 27.79%

The operating expenses can be modeled with:

Net Income = Revenues - Expenses - COGS

$20,160 = $763,000 - Expenses - $551,000

Expenses = $191,840

6 0
3 years ago
ACES is a quality auditing firm. It has dedicated a team of managers, business analysts, and system analysts to develop an infor
ivann1987 [24]

Answer: (4) Requirement analysis

Explanation:

 The requirement analysis is one of the process of determine the actual user expectation for building the new product with the help of new modifications.

The requirement analysis is one of the phrases of SDLC (Software development life cycle). The requirement analysis is also known as requirement engineering.

According to the question, the requirement analysis is one of the software development life cycle phase in which the information system are produced by using the report according to the organization quality.

Therefore, Option (4) is correct.

3 0
3 years ago
Jolene is graduating from high school in May. She received this offer from a university. Financial Analysis for University Costs
kobusy [5.1K]

Answer:

The total cost per year is $22,300.

Financial aid will cover $16,000 for each year of college with no need to repay.

She could use money from savings or parental contributions to pay the remaining $6,300 each year.

She could use a student loan to pay the remaining $6,300 each year.

Explanation:

6 0
3 years ago
Read 2 more answers
The final step in the portfolio management process is most likely to include: investment research. portfolio construction. evalu
nikitadnepr [17]

The evaluation of portfolio is the final step in the portfolio management process.

<h3>What is a portfolio management?</h3>

This refers to the process of selecting group of investments that meet a firm's long-term financial objectives.

The steps of a portfolio management includes:

  • asset allocation
  • security analysis
  • portfolio construction
  • portfolio monitoring
  • evaluation of portfolio

Read more about portfolio management

<em>brainly.com/question/8422319</em>

#SPJ1

3 0
2 years ago
Other questions:
  • Select all that apply.
    9·2 answers
  • "Worldwide Food Services, InC., (WFS) has a large number of cooks and other food service workers who will be sent to hardship en
    13·1 answer
  • A city government imposes a proportional income tax on all people who earn income within its city limits. In​ 2004, the​ city's
    14·1 answer
  • Which selection below is not a leadership style
    6·1 answer
  • Onslow Co. purchases a used machine for $178,000 cash on January 2 and readies it for use the next day at a $2,840 cost. On Janu
    7·1 answer
  • A gift-wrapping business is staffed by Kaitlyn, Rob, Sam, Susan and Sarah. The production by each of the staff members for an av
    14·1 answer
  • Businesses use different strategies to compete in global markets. The key strategies include licensing, exporting, franchising,
    9·1 answer
  • What country is better for international business? Spain, Pakistan, Bangladesh or Brazil
    8·1 answer
  • QUESTION 1
    15·2 answers
  • a market is considered to be a(n) when the largest four firms in an industry control more than 40% or more of the market..
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!