According to the University of Nevada Center for Logistics Management, 7% of all merchandise sold in the United States gets returned. A Houston departmentstore sampled 120 items sold in January and found that 15 of the items were returned.a. Construct a point estimate of the proportion of items returned for the population of sales transactions at the Houston store.(to 4 decimals)b. Construct a 99% confidence interval for the proportion of returns at the Houston store.) (to 4 decimals)c. Is the proportion of returns at the Houston store significantly different from the returns for the nation as a whole? Provide statistical support for your answer.Since the confidence intervalSelect your answer0.07, we conclude that the return rate for the Houston storeSelect your answer -v the U.S. nationalreturn rate.

Given that Sample size n = 120 Number of returns, X = 15 The critical value of Z at 99% confidence…

Answered: a. Construct a point estimate of the…

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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I think the answer to this last part is C
Thelma and Louise are each attempting to estimate the proportion of adults who enjoy listening to country music. They each survey a different random sample of adults, and in each sample, the proportion who say they enjoy listening to country music is 0.29. Thelma and Louise each use their sample data to construct a confidence interval. Thelma's interval is from 0.242 to 0.338 and Louise's interval is from 0.237 to 0.323. One of these intervals was computed correctly and the other was not. Which interval must be the correct one? It's impossible to answer this question without knowing the level of confidence used for each interval. It's impossible to answer this question without knowing the sample sizes. O It's impossible to answer this question without knowing the sample sizes or the level of confidence used for each interval. Thelma's interval must be the correct interval. O Louise's interval must be the correct interval.
You were interested in how long the average psychology major at your college studies per night, so you asked 10 psychology majors to tell you the amount they study. They told you the following times: 2, 1.5, 3, 2, 3.5, 1, 0.5, 3, 2, 4. (a) Find the 95% confidence interval on the population mean. (b) Find the 90% confidence interval on the population mean.
Explain also how you use Z table ..
If you want to be confident in your estimation of a confidence interval, you should use….
Answer each question and justify all work for full You will need your z and t charts for this quiz. 1. Death penalty: A group claims that the overall feelings of the general population on the . death penalty is changing. 643 people were interviewed, and of them, 258 believed in using the death penalty. Construct a 95% confidence interval for the proportion of people that believe in the death penalty. Follow the steps below: What is the best point estimate for the proportion of people who believe in the death penalty? › (round to two decimal places)
How to calculate a 90% confidence interval?
According to a poll, 79% of California adults (398 out of 506 surveyed) feel that education is one of the top issues facing California. We wish to construct a 90% confidence interval for the true proportion of California adults who feel that education is one of the top issues facing California. Find a 90% confidence interval for the population proportion. (Round your answers to three decimal places.) Additional Materials Reading
You want to create a confidence interval for the difference in the percent of people over 40 who took music lessons as children and the percent of people 20-40 who took music lessons as children. You decide to use the Plus Four method. You ask 30 people over 40 and find that 21 of them took music lessons as children. You ask 25 people 20-40 and find that 13 took music lessons as children. Fill in the blanks for what you would put into your calculator's interval function. Have people over 40 be group 1. X1 = n1 = X2 = n2 =
View both photos attached and answer the question below. Estimate the net sale in future promotions, 95% confidence intervals for the population means were constructed. See output below. Explain and compare the confidence interval for net sales for Promotional and Regular customers. Make sure to clearly describe the confidence intervals in the context of the problem.

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