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2. A marketing firm is trying to estimate the proportion of potential car buyers that would consider

Maurinko [17]

Answer:

a. The number of people that should be in the pilot study are 600 people

b. The point estimate is 0.62 $\overline 6$

c. At 95% confidence level the true population proportion of potential car buyers of hybrid vehicle is between the confidence interval (0.588, 0.6654)

d. Two ways to reduce the margin of error are;

1) Reduce the confidence interval

2) Use a larger sample size

Step-by-step explanation:

a. The given parameters for the estimation of sample size is given as follows;

The margin of error for the confidence interval, E = 4% = 0.04

The confidence level = 95%

The sample size formula for a proportion as obtained from an online source is given as follows;

$n = \dfrac{Z^2 \times P \times (1 - P)}{E^2}$

Where, P is the estimated proportions of the desired statistic, therefore, we have for a new study, P = 0.5;

Z = The level of confidence at 95% = 1.96

n + The sample size

Therefore, we have;

$n = \dfrac{1.96^2 \times 0.5 \times (1 - 0.5)}{0.04^2} = 600.25$

Therefore, the number of people that should be in the pilot study in order to meet this goal at 95% confidence level is n = 600 people

b. The point estimate for the population proportion is the sample proportion given as follows;

$\hat p = \dfrac{x}{n}$

Where;

x = The number of the statistic in the sample

n = The sample size

From the question, we have;

The number of potential car buyers, n = 600

The number of respondent in the sample that indicated that they would consider purchasing a hybrid, x = 376

Therefore, the point estimate, for the proportion of potential car buyers that would consider buying a hybrid vehicle, $\hat p$ = 376/600 = 0.62 $\overline 6$

c. The confidence interval for a proportion is given as follows

$CI=\hat{p}\pm z\times \sqrt{\dfrac{\hat{p}(1-\hat{p})}{n}}$

Therefore, we get;

$CI=0.62 \overline 6\pm 1.96\times \sqrt{\dfrac{\hat{0.62 \overline 6}\cdot (1-\hat{0.62 \overline 6})}{600}}$

C.I. ≈ 0.6267 ± 0.0387

The 95% confidence interval for the true population proportion of potential buyers of hybrid vehicle, C.I. = (0.588, 0.6654)

d. The margin of error is given by the following formula;

$MOE_\gamma = z_\gamma \times \sqrt{\dfrac{\sigma ^2}{n} }$

Where;

$MOE_\gamma$ = Margin of error at a given level of confidence

$z_\gamma$ = z-score

σ = The standard deviation

n = The sample size

Therefore, the margin error can be reduced by the following two ways;

1) Reducing the confidence interval and therefore, the z-score

2) Increasing the sample size

6 0

3 years ago

{67, 68, 68, 71, 73, 73, 73, 74, 74, 74, 74, 75, 75, 77, 78, 79, 79, 80, 80}

Fynjy0 [20]

Answer:

74

Step-by-step explanation:

Mode is the number that shows up the most in the data.

8 0

3 years ago

Factor -28x +20x show work

Shalnov [3]

Let's simplify step-by-step.−28x+20x

ombine Like Terms:=−28x+20x=(−28x+20x)=−8x

Answer:=−8x

8 0

3 years ago

20 PTS! Please Help!!!! Will Give Brainliest!! This is a Khan Academy Problem!!!

klemol [59]

Using it's concept, the approximate perimeter of pentagon ABCDE is given as follows:

34.4 units.

<h3>What is the perimeter of a figure?</h3>

The perimeter of a figure is given by the sum of the lengths of it's outside dimensions.

In this problem, the vertices are in a coordinate-plane, hence the distances are found using the formula for the distance between two points.

<h3>What is the distance between two points?</h3>

Suppose that we have two points, $(x_1,y_1)$ and $(x_2,y_2)$ . The distance between them is given by:

$D = \sqrt{(x_2-x_1)^2+(y_2-y_1)^2}$

The length of segment AB is:

$AB = \sqrt{(6 - 0)^2+(0 - 7)^2} = 9.2$

The length of segment BC is:

$BC = \sqrt{(6 - 3)^2+(0 + 4)^2} = 5$

The length of segment CD is:

$CD = \sqrt{(-3 -3)^2+(-4 + 4)^2} = 6$

The length of segment DE is:

$DE = \sqrt{(-6 + 3)^2+(0 + 4)^2} = 5$

The length of segment EA is:

$EA = \sqrt{(-6 +0)^2+(0 - 7)^2} = 9.2$

Hence the perimeter is:

P = AB + BC + CD + DE + EA = 9.2 + 5 + 6 + 5 + 9.2 = 34.4 units.

More can be learned about the perimeter of a figure at brainly.com/question/18610622

#SPJ1

3 0

2 years ago

3. Which expression is equivalent to log532?

saul85 [17]

Answer: The Nth power xN of a number x was originally defined as x multiplied by itself, until there is a total of N identical factors. By means of various generalizations, the definition can be extended for any value of N that is any real number.

(2) The logarithm (to base 10) of any number x is defined as the power N such that

x = 10N

(3) Properties of logarithms:

(a) The logarithm of a product P.Q is the sum of the logarithms of the factors

log (PQ) = log P + log Q

(b) The logarithm of a quotient P / Q is the difference of the logarithms of the factors

log (P / Q) = log P – log Q

(c) The logarithm of a number P raised to power Q is Q.logP

log[PQ] = Q.logP

Step-by-step explanation:

8 0

3 years ago