According to the February 2008 Federal Trade Commission report on consumer fraud and identity theft, 23% of all complaints in 2007 were for identity theft ('Consumer fraud and, 2008). Assume a state had 362 complaints of identity theft out of 1470 consumer complaints . Calculate a 93% confidence interval for the proportion of all complaints that are complaints of identity theft in that state. P: Parameter What is the correct parameter symbol for this problem? P What is the wording of the parameter in the context of this problem?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
100%

Hello could you plz explain to me the parts I have blank. Much appreciated 

According to the February 2008 Federal Trade Commission report on consumer fraud and identity theft, 23%
of all complaints in 2007 were for identity theft ('Consumer fraud and, 2008). Assume a state had 362
complaints of identity theft out of 1470 consumer complaints . Calculate a 93% confidence interval for the
proportion of all complaints that are complaints of identity theft in that state.
P: Parameter
What is the correct parameter symbol for this problem?
p V
What is the wording of the parameter in the context of this problem?
The percentage of all consumer complaints in that state that are for identity theft
A: Assumptions
●
Since qualitative
Vinformation was collected from each object, what conditions do we need
to check? Check all that apply.
Onp≥ 10
✔N > 20n
On 30 or normal population.
On(1-p) ≥ 10
n(1-p) 10
o is unknown.
✓n(p) > 10
o is known.
Check those assumptions:
1. np= 362
2. n(1-P)=
3. N= 1000000
which is 2 V 10
which is 2 V
which is > V
10
If no N is given in the problem, use 1000000
N: Name the procedure
The conditions are met to use a 1-Proportion Z-Interval V
Transcribed Image Text:According to the February 2008 Federal Trade Commission report on consumer fraud and identity theft, 23% of all complaints in 2007 were for identity theft ('Consumer fraud and, 2008). Assume a state had 362 complaints of identity theft out of 1470 consumer complaints . Calculate a 93% confidence interval for the proportion of all complaints that are complaints of identity theft in that state. P: Parameter What is the correct parameter symbol for this problem? p V What is the wording of the parameter in the context of this problem? The percentage of all consumer complaints in that state that are for identity theft A: Assumptions ● Since qualitative Vinformation was collected from each object, what conditions do we need to check? Check all that apply. Onp≥ 10 ✔N > 20n On 30 or normal population. On(1-p) ≥ 10 n(1-p) 10 o is unknown. ✓n(p) > 10 o is known. Check those assumptions: 1. np= 362 2. n(1-P)= 3. N= 1000000 which is 2 V 10 which is 2 V which is > V 10 If no N is given in the problem, use 1000000 N: Name the procedure The conditions are met to use a 1-Proportion Z-Interval V
N: Name the procedure
The conditions are met to use a [1-Proportion Z-Interval V
I: Interval and point estimate
The symbol and value of the point estimate on this problem are as follows:
p
362
1470
Leave answer as a fraction.
The interval estimate for p Vis (
C: Conclusion
Round endpoints to 3 decimal places.
• We are 93
% confident that the
The percentage of all consumer complaints in that state that are for identity theft
between
% and
%
is
Transcribed Image Text:N: Name the procedure The conditions are met to use a [1-Proportion Z-Interval V I: Interval and point estimate The symbol and value of the point estimate on this problem are as follows: p 362 1470 Leave answer as a fraction. The interval estimate for p Vis ( C: Conclusion Round endpoints to 3 decimal places. • We are 93 % confident that the The percentage of all consumer complaints in that state that are for identity theft between % and % is
Expert Solution
steps

Step by step

Solved in 5 steps with 12 images

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
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 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…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
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
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman