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Lerok [7]
4 years ago
14

2. You're interested in the proportion of students in your school who favor the elimination of a local curfew on teenagers. Assu

me your school has 1,000 students. A. To generate a 95% confidence interval for the proportion of students who favor the elimination of a curfew, what's the minimum number of students you need if you want the margin of error to be 5%? (9 points)
Business
1 answer:
lara [203]4 years ago
8 0

Answer: The minimum number of students you need if you want the margin of error to be 5% IS 278.

Explanation:

Cochran’s Sample Size Formula gives the minimum number of students as n= \frac{z^{2}pq }{e^{2} }

Where:

   e is the desired level of precision (i.e. the margin of error),

   p is the (estimated) proportion of the population which has the attribute in question and q is 1 – p.

The z-value  for 95% confidence interval is found to be 1.96 in a Z table.

Assuming that half of the teenagers favor the elimination of a curfew: this gives us maximum variability. So p = 0.5 and q=0.5.

Then n= (\frac{1.96^{2}*0.5*0.5 }{0.05^{2} } )

n= frac{0.9604}{0.0025} }

n= {384.16 }

Rounding up, n= \frac{385 }

But considering that 1000 is a small population,  we can modify the sample size we calculated above formula by using this equation:

s = \frac{n}{1 + \frac{n - 1}{N} }

Where s is the adjusted sample size, n is the original sample size we calculated and N is the population size.

s = \frac{385}{1 + \frac{385 - 1}{1000} }

s = \frac{385}{1 + \frac{384}{1000} }

s = 278

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The Chadmark Corporation's total cash receipts for a typical month is $2,976.

Data and Calculations:

Budgeted monthly sales = $3,000

Credit terms = 2/10 net 45

Percentage that take discount = 40%

Sales with discount =$1,200 ($3,000 x 40%)

Cash receipts from the 40% customers = $1,176

Cash Discounts =$24

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Total cash receipts = $2,976 ($1,800 + $1,176)

Thus, Chadmark's total cash receipts for typical month is $2,976.

Learn more: brainly.com/question/24550417

3 0
3 years ago
Chiptech, Inc., is an established computer chip firm with several profitable existing products as well as some promising new pro
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Answer and Explanation:

The computation is shown below:

a) Growth rate = ROE × retention ratio

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b) Revised growth rate after year 2 = 16% × .50

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Value at T2 = D3 ÷ (k - g)

D3 = Earnings × (1 + G1)^2 × (1 + G2) × Payout ratio

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3 0
3 years ago
List the economic activities to selling cotton shirts at a store
ANEK [815]

Answer:

The basic questions to answer are the 4 economic problems.

Explanation:

What to produce?

The question of what to produce has already been answered by determining to produce cotton shirts.

How to produce?

This deals with the procedure and materials needed for production. In answering the question of how to produce, one must a certainnn the needed materials needed, suitable labour and appropriate processes.

For whom to produce?

Not the individual or firm must ascertain the category of people he wants to produce for, it it the rich or the poor, elite or artisans, students or working class, adults or babies.

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Use of the gdp deflator allows economists to estimate the real rate of growth of the economy.
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Bert's company is about to release a new electronics product. The electronics product is estimated to have a short life cycle be
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Answer: The answer is price skimming.

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