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
sukhopar [10]
3 years ago
7

A marketing representative wants to estimate the proportion of people in a state who like the new design on the packaging of a c

ertain cleaning product. The representative interviewed 100 people at a certain supermarket, and 82 people indicated that they liked the new design. Have the conditions for creating a confidence interval for the population proportion been met?
Business
2 answers:
Lelu [443]3 years ago
4 0

Answer:

The conditions for creating a confidence interval for the population proportion have been met.

Explanation:

There are the following conditions to build a confidence interval for a population proportion:

Sample of size n from a large population

Individuals chosen independent of one another

At least 15 failures and 15 sucesses in the sample.

In this problem, we have that:

Sample of 100 people

They are chosen at random at the market, so it means that the probability that an individual likes the new design is independent of any other individuals.

82 successes and 18 failures.

So yes, the conditions for creating a confidence interval for the population proportion have been met.

Allushta [10]3 years ago
4 0

Answer:

If the representative interviewed 100 people at a certain supermarket, and 82 people indicated that they liked the new design,  the conditions for creating a confidence interval for the population proportion NOT been met because:

  1. the sample was from one source- supermarket.
  2. The number sampled (100 people) in comparison with the population of people in the state is negligible.

Explanation:

When constructing confidence intervals the assumptions and conditions of the central limit theorem must be met in order to use the normal model.

Randomization Condition: The data must be sampled randomly. Is one of the good sampling methodologies discussed in the Sampling and Data chapter being used?

Independence Assumption: The sample values must be independent of each other. This means that the occurrence of one event has no influence on the next event. Usually, if we know that people or items were selected randomly we can assume that the independence assumption is met.

10% Condition: When the sample is drawn without replacement (usually the case), the sample size, n, should be no more than 10% of the population.

Sample Size Condition: The sample size must be sufficiently large.

You might be interested in
He theoretic perspectives of priming, agenda setting, and framing are all similar, yet scholars say they are not exactly the sam
Tasya [4]
I was stuck on the same thing in my class test. I ended up failing but if I get the answers to it I’ll totally send them to you!!!
3 0
3 years ago
Firm A's demand for a product is 15 units per month. Its supplier charges an ordering cost of $5 per order and $10 per unit with
lys-0071 [83]

Answer:

Annual ordering cost=$32.142

Explanation:

Annual ordering cost = Annual demand/order quantity × ordering cost per order

Annual demand = 15 × 12 = 180 units

Kindly note that there are 12 months in year.

Annual Ordering cost = 180/28 ×  $5= $32.142

Annual ordering cost=$32.142

8 0
3 years ago
When your father was born 48 years ago, his grandparents deposited $250 in an account for him. Today, that account is worth $36,
ki77a [65]

Answer:

10.94%

Explanation:

Your father was born 48 years ago

His grandfather deposited $250 in an account for him

Today the money is worth $36,500

The annual rate of his return can be calculated as follows

= 36500/250 ×1/48= (1+r/100)

= 146^0.020833= (1+r/100)

= 1.1094-1

= 0.10940×100

= 10.94%

6 0
3 years ago
Total quality management theorizes that if workers are more responsible, they will ______.
Mkey [24]
A. Increase oveeall quality
8 0
3 years ago
Read 2 more answers
Mather company purchased equipment on january 1, 2015 at a total invoice cost of $336,000; additional costs of $6,000 for freigh
Olenka [21]

Annual rate of depreciation = $360,000/5 years = $72,000 per year  

4 0
3 years ago
Other questions:
  • Which group would supply dollars in the foreign exchange market?
    5·1 answer
  • Which of the following would be considered retail businesses? (Select all that apply.)
    12·1 answer
  • The following transactions relate to the General Fund of the City of Buffalo Falls for the year ended December 31, 2020: Beginni
    5·1 answer
  • The risk premium of a security is determined by its ________ risk and does not depend on its
    15·1 answer
  • Suppose that 6-month, 12-month, 18-month, 24-month, and 30-month zero rates are 3%, 3.2%, 3.4%, 3.5%, and 3.6% per annum with co
    8·1 answer
  • The depreciation method that allocates an equal portion of the total depreciable cost for a plant asset to each unit produced is
    12·1 answer
  • If the management decision problem is: "should a new product be introduced?" what is the most appropriate marketing research pro
    5·1 answer
  • Mahulay's daughter attends daycare so that he can work. the daycare expenses total $3,000 for the year. mahulay paid $3,000 of t
    12·1 answer
  • Describe the life cycle of a product and explain profitability and sales volume at each stage
    10·1 answer
  • A new casino wants to hire about 1,000 employees for its new resort. Applicants are asked to complete an online questionnaire th
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!