An online bookseller is considering selling an e-reader but will only do so if they have evidence that the proportion of customers that will likely purchase one is at least 0.4. Based on a survey of 25 customers, it was found that 8 of them stated that they would likely purchase an e-reader. what should the bookseller do?

An online bookseller is considering selling an e-reader but will only do so if they have evidence that the proportion of customers that will likely purchase one is at least 0.4. Based on a survey of 25 customers, it was found that 8 of them stated that they would likely purchase an e-reader. what should the bookseller do?

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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It is often useful for retailers to determine why their potential customers chose to visit their store. Possible reasons include advertising, advice from a friend, or previous experience. To determine the effect of full-page advertisements in the local newspaper, the owner of an electronic-equipment store asked randomly selected people who visited the store whether they had seen the ad. He also determined whether the customers had bought anything, and if so, how much they spent. Among the respondents who saw the ad, 49 made an average purchase of $97.38 with a variance of $622. Among the respondents who did not see the ad, 21 made an average purchase of $92.01 with a variance of $283.3. Can the owner conclude that customers who see the ad spend more than those who do not see the ad (among those who make a purchase) at 5% significance level? Population: One Two Multiple Formula #: Answer Hypothesis Null H0 : (μ, π, σ², μd, μ1 - μ2, π1- π2, σ₁²…
A pollster wishes to estimate the number of left-handed scientists. How large a sample is needed in order to be 95% confident that the sample proportion will not differ from the true proportion by more than 4%? A previous study indicates that the proportion of left-handed scientists is 8%.
a newspaper article claims that the average age for people who recieve food stamps is 35 years. You believe that the average age is less that that. You take a random sample of 100 people who recieve food stamps and find their average age to be 34.2 years. What conclusion can you make?
The U.S. Department of Transportation, National Highway Traffic Safety Administration, reported that 77% of all fatally injured automobile drivers were intoxicated. A random sample of 26 records of automobile driver fatalities in Kit Carson County, Colorado, showed that 14 involved an intoxicated driver. Do these data indicate that the population proportion of driver fatalities related to alcohol is less than 77% in Kit Carson County? Use ? = 0.01. Solve the problem using both the traditional method and the P-value method. Since the sampling distribution of p̂ is the normal distribution, you can use critical values from the standard normal distribution as shown in the table of critical values of the z distribution. (Round the test statistic and the critical value to two decimal places. Round the P-value to four decimal places.) test statistic = critical value = P-value =
Some boxes of a certain brand of breakfast cereal include a voucher for a free video rental inside the box. The company that makes the cereal claims that a voucher can be found in 20 percent of the boxes. However, based on their experiences eating this cereal at home, a group of students believes that the proportion of boxes with vouchers is less than 0.2. This group of students purchased 65 boxes of the cereal to investigate the company’s claim. The students found a total of 11 vouchers for free video rentals in the 65 boxes. Suppose it is reasonable to assume that the 65 boxes purchased by the students are a random sample of all boxes of this cereal. Based on this sample, is there support for the students’ belief that the proportion of boxes with vouchers is less than 0.2 ? Provide statistical evidence to support your answer.
Dorinda is in second grade. She asks 6 of her classmates if they like to wear friendship bracelets. Four of her classmates said yes. Based on her findings, would it be reasonable to assume that about 2/3 of the pupils at her school (which has kindergarten through fifth grade) would also like to wear friendship bracelets? Why or why not?
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A drug company claims that an allergy medication causes headaches in 5% of those who take it. A medical researcher believes that more than 5% of those who take the drug actually get headaches. Identify the population(s). more than 5% of those who take the drug actually get headaches. the proportion of those who take the drug who get a headache. 5% of those who take the drug actually get headaches. all individuals who take the medication. What is the variable being examined for individuals in the population(s)? more than 5% of those who take the drug actually get headaches. the proportion of those who take the drug who get a headache. whether or not a person who takes the drug gets a headache. 5% of those who take the drug actually get headaches. Is it categorical or quantitative? Quantitative Categorical Identify the parameter(s). the mean of those who take the drug who get a headache. the proportion of those who take the drug who get a headache. all individuals who…
A poll done for Newsweek found that 13% of Americans have seen or sensed the presence of an angel. A contingent doubts that the percent is really that high. It conducts its own survey. Out of 76 Americans surveyed, only two had seen or sensed the presence of an angel. As a result of the contingent's survey, would you agree with the Newsweek poll? Use a 1% level of significance.
A drug company claims that an allergy medication causes headaches in 5% of those who take it. A medical researcher believes that more than 5% of those who take the drug actually get headaches. Identify the population(s). 5% of those who take the drug actually get headaches. the proportion of those who take the drug who get a headache. all individuals who take the medication. more than 5% of those who take the drug actually get headaches. What is the variable being examined for individuals in the population(s)? more than 5% of those who take the drug actually get headaches. the proportion of those who take the drug who get a headache. whether or not a person who takes the drug gets a headache. 5% of those who take the drug actually get headaches.
The Consumer Reports Restaurant Customer Satisfaction Survey is based upon 148,599 visits to full-service restaurant chains.t One of the variables in the study is meal price, the average amount paid per person for dinner and drinks, minus the tip. Suppose a reporter for the Sun Coast times thought that it would be of interest to her readers to conduct a similar study for restaurants located on the Grand Strand section in Myrtle Beach, South Carolina. The reporter selected a sample of 8 seafood restaurants, 8 Italian restaurants, and 8 steakhouses. The following data show the meal prices ($) obtained for the 24 restaurants sampled. Italian Seafood Steakhouse $12 $16 $24 13 18 19 15 17 23 17 26 25 18 23 21 20 15 22 17 19 27 24 18 31 Use a = 0.05 to test whether there is a significant difference among the mean meal price for the three types of restaurants. State the null and alternative hypotheses. O Ho: ralian * lseafood * lsteakhouse H: talian = lSeafood = ASteakhouse O Ho: Not all the…
By a small margin, Facebook remains the top choice of social media over all ages, with 29% using Facebook most often among those using social media sites. However, more visually oriented social networks such as Snapchat and Instagram continue to draw in younger audiences. When asked "Which one social networking brand do you use most often?" the results in the table show the top brands chosen by Americans aged 12-34 who currently use any social networking site or service. Social M edia Site Faceboo k Snapchat Instagra m Twitter Percentage That Use Most Often 29 28 26 6 20 (a) What is the sum of the percentages for these top social media sites? Give your answer as an exact number. Macmillan Learning top social media sites: What percent of Americans aged 12-34 use other social media sites most often? Give your answer as an exact number. other social media sites: do %