What is diversification?

Mathematics

1 answer:

egoroff_w [7]3 years ago

4 0

B is actually the correct answer i just took the test and got it right

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Step-by-step explanation:

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Read 2 more answers

An automobile manufacturer would like to know what proportion of its customers are not satisfied with the service provided by th

monitta

Answer:

a) n =1623

b) $ME=2.0538\sqrt{\frac{0.21 (1-0.21)}{1623}}=0.0208$

Step-by-step explanation:

1) Notation and definitions

$n$ random sample taken

$\hat p=0.19$ estimated proportion of customers are not satisfied with the service provided by the local dealer

Confidence =0.96 or 96%

Me= 0.02 represent the margin of error

A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".

The margin of error is the range of values below and above the sample statistic in a confidence interval.

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The population proportion have the following distribution

$p \sim N(p,\sqrt{\frac{p(1-p)}{n}})$

Part a

In order to find the critical value we need to take in count that we are finding the interval for a proportion, so on this case we need to use the z distribution. Since our interval is at 96% of confidence, our significance level would be given by $\alpha=1-0.96=0.04$ and $\alpha/2 =0.02$ . And the critical value would be given by: