6. The telephone company wants to estimate the proportion of households that would purchase anadditional telephone line if it were made available at a substantially reduced installation cost. Arandom sample of 500 households is selected. The results indicate that 135 of the householdswould purchase the additional telephonē line at a reduced installation cost.a. Construct a 99% confidence interval estimate of the population proportion of households thatwould purchase the additional telephone line.b. How would the manager in charge of promotional programs concerning residential customersuse the results found in 6.a.?

Solution: 6. a. Let X be the number of households would purchase the additional telephone line at a…

Answered: 6. The telephone company wants to…

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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In a survey of 1000 adult Americans, 45.7% indicated that they were somewhat interested or very interested in having web access in their cars. Suppose that the marketing manager of a car manufacturer claims that the 45.7% is based only on a sample and that 45.7% is close to half, so there is no reason to believe that the proportion of all adult Americans who want car web access is less than 0.50. Is the marketing manager correct in his claim? Provide statistical evidence to support your answer. For purposes of this exercise, assume that the sample can be considered as representative of adult Americans. Test the relevant hypotheses using ? = 0.05. Find the test statistic and P-value. (Round your test statistic to two decimal places and your P-value to four decimal places.) z= P-value= chose the conclusion in the context of the problem. a) Reject H0. We do not have convincing evidence that the proportion of all adult Americans who want car web access is less than 0.5. The marketing…
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In a study of government financial aid for college students, it becomes necessary to estimate the percentage of full-time college students who eam a bachelor's degree in four years or less Find the sample size needed to estimate that percentage. Use a 0.04 margin of error and use a confidence level of 90%. Complete parts (a) through (c) below. a. Assume that nothing is known about the percentage to be estimated. (Round up to the nearest integer.) b. Assume prior studies have shown that about 55% of full-time students eam bachelor's degrees in four years or less. (Round up to the nearest integer.) c. Does the added knowledge in part (b) have much of an effect on the sample size? OA No, using the additional survey information from part (b) does not change the sample size. OB. Yes, using the additional survey information from part (b) dramatically reduces the sample size. OC Yes, using the additional survey information from part (b) only slightly increases the sample size. OD. No, using…
In a study of government financial aid for college students, it becomes necessary to estimate the percentage of full-time college students who earn a bachelor's degree in four years or less. Find the sample size needed to estimate that percentage. Use a 0.03 margin of error and use a confidence level of 90%. Complete parts (a) through (c) below. a. Assume that nothing is known about the percentage to be estimated. (Round up to the nearest integer.) b. Assume prior studies have shown that about 40% of full-time students earn bachelor's degrees in four years or less. n=D (Round up to the nearest integer.) c. Does the added knowledge in part (b) have much of an effect on the sample size? O A. No, using the additional survey information from part (b) does not change the sample size. O B. Yes, using the additional survey information from part (b) only slightly increases the sample size O C. Yes, using the additional survey information from part (b) dramatically reduces the sample size. O D.…
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