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Nutka1998 [239]
3 years ago
10

Researchers sample 4 comma 0004,000 households concerning tv shows they watch. based on the sample 1616​% reported watching 60 m

inutes. what is the​ 95% confidence interval for the proportion of all americans that watch 60​ minutes?
Business
1 answer:
arlik [135]3 years ago
7 0
Given:
n = 4000, sample size
p = 16% = 0.16, the proportionof theose who watch60 minnures.
Confidence interval (CI) = 95%

The z* parameter is 1.96 for 95% CI, so the confidence interval is
p \pm z* \sqrt{ \frac{p(1-p)}{n} }
That is
0.16 +/- 1.96*√[(0.16*0.81)/4000]
= 0.16 +/- 0.114
= (0.1486, 0.1714)

Answer:
The 95% confidence interval is approximately (15%, 17%) or 15% ≤ p ≤ 17%.

Note:
To correct for the fact that we are using a discrete distribution to match a continuous distribution, it is customary to subtract 0.5/n from the lower limit and to add it to the upper limit.
If this correction is applied, the 95% confidence interval becomes
(0.1486-0.5/4000, 0.1714+0.5/4000)
= (0.1485, 0.1715)
or
15% ≤ p ≤ 17%
The correction does not affect the result in a significant way.

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Kopa Company manufactures CH-21 through two processes: Mixing and Packaging. In July, the following costs were incurred. Mixing
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Answer:

mixing WIP 10,000

packaging WIP 28,000

           raw materials inventory  38,000

mixing WIP 8,000

packaging WIP 36,000

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mixing WIP 12,000

packaging WIP 54,000

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packaging WIP 21,000

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        Accounts Payable   $ 90,000 Cr.

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