5. First USA, a major credit card company, is planning a new offer for their current cardholders. The offer will givedouble miles on purchases for the next 6 months if the cardholder goes online and registers for the offer. To test theeffectiveness of the campaign, First USA recently sent out offers to a random sample of 50,000 cardholders. Of those,1284 registered.a) Construct a 95% Cl for the true proportion of those cardholders who will register for the offer. Assume therequirements are met.This Cl is forb) If the acceptance rate is only 2% or less, the campaign won't be worth the expense. Given the confidence intervalyou found, is the campaign worth the expense? Explain why using the Cl.

a. The sample proportion is, p-hat = 1284/50,000=0.026. The sample size is 50,000. Since the…

Answered: 5. First USA, a major credit card…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The North American Free Trade Agreement (NAFTA) enacted in 1994 is a trilateral trade agreement signed by the United States, Canada and Mexico. This trade agreement has been controversial since its inception and Americans remain split on the issue. In a Gallup Poll conducted February 1-5, 2017, 447 out of 971 randomly selected Americans aged 18 or older stated that they believed that NAFTA was bad for the United States. 1.Find the point estimate for the proportion of Americans who believe that NAFTA was bad for the United States. Round your answer to 4 decimal places. 2.Find the margin of error for a 95% confidence interval. Round your answer to 4 decimal places. 3.Construct the 95% confidence interval for the proportion of Americans who believe that NAFTA was bad for the United States. Enter your answer as an open interval of the form (a,b) and round to 3 decimal places.
Exit polling is a popular technique used to determine the outcome of an election prior to results being tallied. Suppose a referendum to increase funding for education is on the ballot in a large town (voting population over 100,000). An exit poll of 300 voters finds that 147 voted for the referendum. How likely are the results of your sample if the population proportion of voters in the town in favor of the referendum is 0.51? Based on your result, comment on the dangers of using exit polling to call elections. How likely are the results of your sample if the population proportion of voters in the town in favor of the referendum is 0.51? The probability that fewer than 147 people voted for the referendum is (Round to four decimal places as needed.)
Exit polling is a popular technique used to determine the outcome of an election prior to results being tallied. Suppose a referendum to increase funding for education is on the ballot in a large town (voting population over 100,000). An exit poll of 200 voters finds that 106 voted for the referendum. How likely are the results of your sample if the population proportion of voters in the town in favor of the referendum is 0.49? Based on your result, comment on the dangers of using exit polling to call elections. How likely are the results of your sample if the population proportion of voters in the town in favor of the referendum is 0.49? The probability that more than 106 people voted for the referendum is 0.12890.1289. (Round to four decimal places as needed.)
A auto shop wants to examine the proportion of customers that have to return after an appointment. Last year, an examination of 264 customers found that 30.1% had to return after an appointment. You instituted some changes at the auto shop this year, and found from a sample of 326 customers that 22.4% had to return after an appointment. You want to conduct an analysis to determine if there has been an increase in the proportion of customers that need to return after an appointment since the past year, with a = 0. 10. Using this information, what is the critical value of your analysis? Round your final answer to two decimal places. 2.11 1.96 2.33 1.28 1.64
Exit polling is a popular technique used to determine the outcome of an election prior to results being tallied. Suppose a referendum to increase funding for education is on the ballot in a large town (voting population over 100,000). An exit poll of 500 voters finds that 240 voted for the referendum. How likely are the results of your sample if the population proportion of voters in the town in favor of the referendum is 0.51? Based on your result, comment on the dangers of using exit polling to call elections. How likely are the results of your sample if the population proportion of voters in the town in favor of the referendum is 0.51? The probability that fewer than 240 people voted for the referendum is 0.756 (Round to four decimal places as needed.) ts nents ents ents ents iebook Skills for ATH 0530 Only) 2:01 PM 3/31/2022 Chp ho 12 insert prt sc fa 144 1K4 115 1P
By a small margin, Facebook remains the top choice of social media over all ages, with 29% using Facebook most often among those using social media sites. However, more visually oriented social networks such as Snapchat and Instagram continue to draw in younger audiences. When asked "Which one social networking brand do you use most often?" the results in the table show the top brands chosen by Americans aged 12-34 who currently use any social networking site or service. Social M edia Site Faceboo k Snapchat Instagra m Twitter Percentage That Use Most Often 29 28 26 6 20 (a) What is the sum of the percentages for these top social media sites? Give your answer as an exact number. Macmillan Learning top social media sites: What percent of Americans aged 12-34 use other social media sites most often? Give your answer as an exact number. other social media sites: do %
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 71 stocks traded on the NYSE that day showed that 24 went up. You are conducting a study to see if the proportion of stocks that went up is is significantly more than 0.3. You use a significance level of a = 0.01. What is the test statistic for this sample? (Report answer accurate to three decimal places.) test statistic = What is the p-value for this sample? (Report answer accurate to four decimal places.) p-value = The p-value is... less than (or equal to) a greater than a This test statistic leads to a decision to... reject the null accept the null fail to…
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day.A sample of 64 stocks traded on the NYSE that day showed that 24 went up.You are conducting a study to see if the proportion of stocks that went up is significantly more than 0.3. You use a significance level of α=0.01α=0.01.What is the test statistic for this sample? (Report answer accurate to three decimal places.)test statistic = What is the p-value for this sample? (Report answer accurate to four decimal places.)p-value = The p-value is... less than (or equal to) αα greater than αα This test statistic leads to a decision to... reject the null accept the null fail to…
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2017, 9 of the 30 stocks making up the DJIA increased in price.On the basis of this fact, a financial analyst claims we can assume that 76% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 61 stocks traded on the NYSE that day showed that 43 went up. You are conducting a study to see if the proportion of stocks that went up is significantlysmaller than 76%. You use a significance level of α=0.01α=0.01. For this study, we should use Select an answer 2-SampTInt 2-PropZInt 1-PropZInt T-Test χ²GOF-Test 2-SampTTest 2-PropZTest TInterval ANOVA 1-PropZTest χ²-Test The null and alternative hypotheses would be: H0H0: ? p μ Select an answer > = < ≠ (please enter a decimal) H1H1: ? p μ Select an answer ≠ = > < (Please enter a decimal) The test statistic =…
Exit polling is a popular technique used to determine the outcome of an election prior to results being tallied. Suppose a referendum to increase funding for education is on the ballot in a large town (voting population over 100,000). An exit poll of 300 voters finds that 153 voted for the referendum. How likely are the results of your sample if the population proportion of voters in the town in favor of the referendum is 0.49? Based on your result, comment on the dangers of using exit polling to call elections. Question content area bottom Part 1 How likely are the results of your sample if the population proportion of voters in the town in favor of the referendum is 0.49? The probability that more than 153 people voted for the referendum is enter your response here. (Round to four decimal places as needed.) Part 2 Comment on the dangers of using exit polling to call elections.
After post-graduate study, Mike found a job as HR analyst in London. Thecompany is currently recruiting Chief Marketing Officer. The HR departmentrecently sent out a knowledge test to the applicants after the initial CVscreening. At this stage of selection, the company does not invite the lowestscoring 30% (the opposite is the highest 70%.) back for the next face-to-faceinterview. According to the historical data, the test scores on this test arenormally distributed and has a mean of 70 with standard deviation of 10. a.What mark (to the nearest whole number) must a candidate achieve inorder to secure an interview? Show your workings.b. Explain the characteristics of standard normal distribution and normaldistribution, respectively.
Exit polling is a popular technique used to determine the outcome of an election prior to results being tallied. Suppose a referendum to increase funding for education is on the ballot in a large town (voting population over 100,000). An exit poll of 200 voters finds that 98 voted for the referendum. How likely are the results of your sample if the population proportion of voters in the town in favor of the referendum is 0.51? Based on your result, comment on the dangers of using exit polling to call elections. How likely are the results of your sample if the population proportion of voters in the town in favor of the referendum is 0.51? The probability that fewer than 98 people voted for the referendum is. (Round to four decimal places as needed.)

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