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
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.

You might be interested in
Longview Hospital performs blood tests in its laboratory. The following standards have been set for each blood test performed:
Julli [10]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Standard:

Direct materials 2.0 plates $2.75 per plate

Direct labor 0.2 hours $15.00 per hour

Variable manufacturing overhead 0.2 hours $7.00 per hour

Actual:

1,500 blood tests.

3,600 plates were purchased for $9,540

3,200 plates were used for blood tests

340 actual direct labor-hours were worked for $5,550

1)The materials price variance:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (2.75 - 2.65)*3,600= $360 favorable

2) The materials quantity variance:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (2*1,500 - 3,200)*2.75

Direct material quantity variance= $550 unfavorable

3) The labor rate variance:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (15 - 16.32)*340= $448.8 unfavorable

4) The labor efficiency variance:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (1,500*0.2 - 340)*15

Direct labor time (efficiency) variance= $600 unfavorable

5) The variable overhead efficiency variance:

Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Variable overhead efficiency variance= (1,500*0.2 - 340)*7

Variable overhead efficiency variance= $280 unfavorable

8 0
3 years ago
When actual revenue ______ what the revenue should have been, the variance is labeled favorable.
xeze [42]

When actual revenue <u>exceeds</u> what the revenue should have been, the variance is labelled favourable.

Hope that helps!

6 0
2 years ago
Read 2 more answers
HELP ASAP FOR BRAINLIEST ****
Mrac [35]
Okay well I got you.
The first answer is: When unemployment is low, businesses have to compete  more for workers, forcing wages up. Higher wages increases labor costs.
The second answer is: As inflation accelerates, workers may supply labor in the short term because of higher wages- leading to a decline in the unemployment rate.
The third answer is: I don't know this one sorry :(
The fourth answer is: I don't know this one either.
Sorry i wasn't much help...:(
7 0
3 years ago
AllSpice Incorporated plans to do business with a company located in the Leone Republic, a common law country. The companies hav
Cerrena [4.2K]

The contract must be very detailed and should include all the contingencies spelled out in it.

<u>Explanation:</u>

Contract is a document that is made between two or more than two parties who have come in to an agreement with each other over a particular thing. The contract might be a business contract that the parties make which should have the proportion of profit and liabilities of the business that is to be shared among the partners.

Since the profit and losses are to be shared between the business partners on the basis of this contract, the contract should have very detailed information in it and all the contingencies should be spelled out in it.

6 0
3 years ago
Please help me out with my question
telo118 [61]

Answer:

B. $8293.75  

Step-by-step explanation:

<em>On first $9 225:</em>

Tax =     $9225 × 0.10 = $  922.50

<em>On next $28 225: </em>

Tax = $28 225 × 0.15 =   4233.75

<em>On last $12 550</em>:

Tax = <u>$12 550</u> × 0.25 = <u>  3137.50 </u>

        $50 000             $8293.75

This isn't exactly the same as on your answer key.


4 0
3 years ago
Read 2 more answers
Other questions:
  • Why do most markets in the real world fall somewhere between perfect competition and monopoly?
    7·1 answer
  • Because public goods are:
    14·1 answer
  • Vandy Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Balance Beginning Balance
    5·1 answer
  • A father wants to save for his eight?year?old son�s college expenses. The son will enter college 10 years from now. An annual am
    11·1 answer
  • Which of the following is one of the advantages of forming a corporation?
    6·2 answers
  • The smaller the required reserve ratio the larger the simple deposit multiplier. Do you agree or disagree with this statement. E
    13·1 answer
  • Because customers have different needs and expectations, the key to distributive fairness in service recovery is
    10·1 answer
  • Nadia's credit card has an APR of 12.18% and a grace period of 17 days, and Nadia pays her balance in full every month. If her l
    9·1 answer
  • Technology combined with rapid international communication of news, entertainment, and lifestyles is dramatically increasing the
    12·1 answer
  • Please help I will mark you as brainliest!!
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!