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son4ous [18]
2 years ago
13

A doctor wants to estimate the hdl cholesterol of all? 20- to? 29-year-old females. how many subjects are needed to estimate the

hdl cholesterol within 44 points with 99 %99% confidence assuming sigma equals 17.8 question mark ?=17.8? suppose the doctor would be content with 95 %95% confidence. how does the decrease in confidence affect the sample size? required?
Business
1 answer:
Ira Lisetskai [31]2 years ago
8 0

 

Given the following:

Sigma                                 = 17.8

E                                         = 44 points

Confidence interval        = 99% - 2.58

Confidence interval        = 95% - 1.96

In order to get the sample size, use the formula:

For 99% confidence level

n            = [ (z value x s) / E ]2

n            = [ (2.58 x 17.8) / 44]2

n            = 1. 089 or 1 (rounded up)

For 95% confidence level

n            = [ (z value x s) / E ]2

n            = [ (1.96 x 17.8) / 44]2

n            = 0.628 or 1 (rounded up)

As we decrease the confidence level, from 99% to 95%, our confidence interval gets smaller. In additional, to be more confident that our interval actually comprises the population mean we have to increase the size of the interval. To ease that trade off between level of confidence and the precision of our interval is to primarily increase the sample size. 

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Answer:

d. offer lower prices for customers and lead to greater customer satisfaction

Explanation:

Supply chain analytics programs have many objectives that, if realized, would offer lower prices for customers and lead to greater customer satisfaction.

Supply Chain Analytics can be defined as the use of data-driven intelligence in improving operational efficiency and effectiveness  to reduce customer service cost and increase customer service experience.

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7 0
3 years ago
Read 2 more answers
Zone of acceptance refers to consumers': Select one:
sesenic [268]

Answer:

Letter a is correct. <em>Acceptable range of prices for any purchase situation.</em>

Explanation:

<u>  The purchase decision</u> process is a systematic model that represents the rational or irrational steps a consumer goes through before making a purchase. These steps are related to solving needs, searching for information, evaluating similar alternatives, and post-purchase behavior.

The zone of acceptance is a step regarding the price range that the consumer is willing to pay for a particular product or service, and is influenced by each step of the consumer's buying decision.

6 0
3 years ago
Warm-Up
zloy xaker [14]

Answer:

$1,088.12

Explanation:

The formula for calculating monthly repayments is as below.

M=  P x   <u>  r      </u>

              1 − (1+r)−^n

where p is the loan amount = $220,000

r = 4.3per cent or 0.043 % interest rate per year,

 on monthly basis r will be 0.043/12=0.00358%

n = 30 year, which is 30 x 12 months= 360 months

M= $220,000 x <u> 0.00358    </u>

                         1 - (1+0.00358 ) ^ - 360

M=$220,000 x<u>  0.00358  </u>

                         1- 0.2762

M = $220,000 x (0.00358 /0.7238)

M = $220,000 x 0.0049461

M = 1,088.12

Monthly payments will be $1,088.12

4 0
3 years ago
A rich donor gives a hospital $100,000 one year from today. Each year after that, the hospital will receive a payment 5% larger
wariber [46]

Answer:

D) $779,843.27

Explanation:

The present value of this donation = Donation in Year 1/(1+ discount rate)^9 + Donation in Year 2/(1+ discount rate)^8 + ….. + Donation in Year 2/(1+ discount rate)^1

= $100,000/(1+9%) + $100,000*(1+5%)/(1+9%)^2 +$100,000*(1+5%)^2/(1+9%)^3…. +$100,000*(1+5%)^9/(1+9%)^10 = $779,843.27

Or we can easily input in excel and generate NPV as file attached; in which the formula is NPV(discount rate, cash inflow year 1 : cash inflow year 10) = (9%, 100000,100000*(1+5%)….,100000*(1+5%)^9) = $779,843.27

Download xlsx
5 0
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In immanuel wallerstein's view, the global economic system is divided between nations that control wealth and nations from which
Umnica [9.8K]

Conflict Perspective

Unlike the structural function theory, conflict perspective sees different economies as being in competition with each other for power and resources.

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