A program was created to randomly choose customers at a sporting goods store o receive a discount. The program claims 25% of the receipts will get a discount in the long run. The manager of the sporting goods store is skeptical and believes the program's calculations are incorrect. She selects a random sample and finds that 22% received the discount. The confidence interval is 0.22 ± 0.04 with all conditions for inference met. Part A: Using the given confidence interval, is it statistically evident that the program is not working? Explain. Part B: Is it statistically evident from the confidence interval that the program creates the discount with a 0.25 probability? Explain. Part C: Another random sample of receipts is taken. This sample is four times the size of the original. Twenty-two percent of the receipts in the second sample received the discount. What is the value of margin of error based on the second sample with the same confidence level as the original interval?idbin Part D: Using the margin of error from the second sample in part C, is the program working as planned? Explain.
A program was created to randomly choose customers at a sporting goods store o receive a discount. The program claims 25% of the receipts will get a discount in the long run. The manager of the sporting goods store is skeptical and believes the program's calculations are incorrect. She selects a random sample and finds that 22% received the discount. The confidence interval is 0.22 ± 0.04 with all conditions for inference met. Part A: Using the given confidence interval, is it statistically evident that the program is not working? Explain. Part B: Is it statistically evident from the confidence interval that the program creates the discount with a 0.25 probability? Explain. Part C: Another random sample of receipts is taken. This sample is four times the size of the original. Twenty-two percent of the receipts in the second sample received the discount. What is the value of margin of error based on the second sample with the same confidence level as the original interval?idbin Part D: Using the margin of error from the second sample in part C, is the program working as planned? Explain.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Step 1: Describe the given information
VIEWStep 2: Determine whether the program not working is statistically evident or not
VIEWStep 3: Determine the statistical evidence of the program creating a discount with a 0.25 probability
VIEWStep 4: Calculate the margin of error value for the second sample
VIEWStep 5: Determine whether the program is working is as planned or not
VIEWSolution
VIEWTrending now
This is a popular solution!
Step by step
Solved in 6 steps with 23 images
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman