A market research firm conducts telephone surveys with a 38% historical response rate. a. What is the probability that in a new sample of 400 telephone numbers, at least 115 individuals will cooperate and respond to the questions? In other words, what is the probability that the sample proportion will be at least 115/400 = 0.2875? Calculate the standard error to 4 decimals. Calculate the probability to 4 decimals, showing your steps along the way. b. If a follow-up study was completed a year later with only 64 telephone numbers, what is the probability that the response rate was between 36% and 39%? Calculate the standard error to 4 decimals. Calculate the probability to 4 decimals, showing your steps along the way.
A market research firm conducts telephone surveys with a 38% historical response rate. a. What is the probability that in a new sample of 400 telephone numbers, at least 115 individuals will cooperate and respond to the questions? In other words, what is the probability that the sample proportion will be at least 115/400 = 0.2875? Calculate the standard error to 4 decimals. Calculate the probability to 4 decimals, showing your steps along the way. b. If a follow-up study was completed a year later with only 64 telephone numbers, what is the probability that the response rate was between 36% and 39%? Calculate the standard error to 4 decimals. Calculate the probability to 4 decimals, showing your steps along the way.
MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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A market research firm conducts telephone surveys with a 38% historical response rate.
a. What is the Calculate the standard error to 4 decimals. b. If a follow-up study was completed a year later with only 64 telephone numbers, what is the probability that the response rate was between 36% and 39%? |
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