Credit Card Usage The Nellie Mae organization conducts an extensive annual study of credit card usage by college students. For their 2004 study, they analyzed credit bureau data for a random sample of 1413 undergraduate students between the ages of 18 and 24. They found that 76 % of the students sampled held a credit card. Round your answers to four decimal places, if required. a. Determine this result's margin-of-error with 99 % confidence. Margin-of-error b. Determine and interpret a 99 % confidence interval for the proportion of all undergraduate college students in the United States who held a credit card in 2004. Enter your answers in increasing order, rounded to two decimal places. You are 99 % confident that between % and %% of all undergraduate students between the ages 18 - 24 hold a credit card. c. Comment on whether or not the technical conditions required for the validity of this procedure are satisfied here.

Credit Card Usage The Nellie Mae organization conducts an extensive annual study of credit card usage by college students. For their 2004 study, they analyzed credit bureau data for a random sample of 1413 undergraduate students between the ages of 18 and 24. They found that 76 % of the students sampled held a credit card. Round your answers to four decimal places, if required. a. Determine this result's margin-of-error with 99 % confidence. Margin-of-error b. Determine and interpret a 99 % confidence interval for the proportion of all undergraduate college students in the United States who held a credit card in 2004. Enter your answers in increasing order, rounded to two decimal places. You are 99 % confident that between % and %% of all undergraduate students between the ages 18 - 24 hold a credit card. c. Comment on whether or not the technical conditions required for the validity of this procedure are satisfied here.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

A recent poll of 1500 new home buyers found that 60% hired a moving company to help them move to their new home. Find the margin of error for this poll if we want 95% confidence in our estimate of the percent of new home buyers who hired movers.Group of answer choices5%2.48%4.96%2.08%2.5%
sixty-five percent of those surveyed reply No to a certain question. If 234 reply No, what is the sample size?
An automobile repair shop reports that half of the automobiles they repair have a resale value below $ 4,000. In this example, the $4,000 represents which measure of central tendency? It is the mean O median mode range
The General Social Survey is an annual survey given to a random selection of about 1500 adults in the United States. Among the many questions asked are "What is the highest level of education you've completed?" and "If you're employed full-time, how many hours do you spend working at your job during a typical week?" In a recent year, 1079 respondents answered both questions. The summary statistics are given in the chart below. (The sample data consist of the times, in hours per week, that were given by the respondents.) Sample Sample Sample size Groups mean variance Less than h.s. High school Bachelor's 258 40.9 101.8 263 41.8 97.5 270 42.2 94.4 Graduate 288 43.0 98.7 Send data to calculator Send data to Excel To decide if there are any differences in the mean hours per week worked by these different groups, we can perform a one-way, independent-samples ANOVA test. Such a test uses the following statistic. Variation between the samples F= Variation within the samples For the data from…
Which of the following statements about the inclusion of dummy variables in econometric equations is false? O a. The dependent variable on the left side of an equation can be a dummy variable O b. An equation can have both a slope dummy and an intercept dummy on the right hand side O c.If there is a dummy variable as the dependent variable on the left side of an equation, intercept dummy cannot be placed as the explanatory variable on the right side; only a slope dummy can be placed on the right side O d. If there is a dummy variable as the dependent variable on the left side of an equation, both the intercept and the slope dummy can be placed as the explanatory variable on the right side
A research poll included 1762 randomly selected adults who were asked whether "global warming is a problem that requires immediate government action." Results showed that 975 of those surveyed indicated that immediate government action is required. A news reporter wants to determine whether these survey results constitute strong evidence that the majority (more than 50%) of people believe that immediate government action is required. Complete parts (a) through (c) below. a. What is the best estimate of the proportion of adults who believe that immediate government action is required? The best estimate is ☐ (Round to three decimal places as needed.)
A random sample of employees participating in a company fitness program were asked how many days they logged an exercise activity in the past month. Their responses are reported in the histogram below.Based on the histogram above, what is the class width? Clas width = ? Days What is the sample size? Sample size = ? employees
The General Social Survey is an annual survey given to a random selection of about 1500 adults in the United States. Among the many questions asked are "What is the highest level of education you've completed?" and "If you're employed full-time, how many hours do you spend working at your job during a typical week?" In a recent year, 1116 respondents answered both questions. The summary statistics are given in the chart below. (The sample data consist of the times, in hours per week, that were given by the respondents.) Sample Sample Sample Groups size mean variance Less than 281 41.6 115.8 h.s. High school 260 43.3 96.3 Bachelor's 294 42.5 100.5 Graduate 281 44.2 108.2 Send data to Excel Based on these summary statistics, we perform a one-way, independent-samples ANOVA test to determine if there is a difference in the mean hours worked in a typical week among the four populations of workers. (a) The results of this ANOVA are given in the incomplete ANOVA table below. Complete the…
International experience around the world is important in our culture of globalization. According to NAFSA, 54.5% of all American students traveling abroad went to Europe in the 2014-2015 academic year. To determine if there is shift in the proportion of students traveling to Europe, suppose a random sample of 300 students who had studied abroad was taken for the 2015-2016 school year. One-hundred sixty of the students traveled to Europe. a. Conduct a test to determine if the proportion of students traveling to Europe has changed. Be sure to provide a complete write-up. b. Based on the hypothesis test, would you expect 0.545 to be in confidence interval for the proportion? Explain without constructing the interval.
Indicate the statistical test you would conduct. Respondents in a survey of 1,000 households were asked about their travel history. Specifically, they were asked how often they have been to Europe in the past five years (using a ratio scale). People were also classified by interest type (art-lovers, food-lovers, or sports-lovers). The question is whether interest type influences travel history. Two-sample t-test Paired sample t-test One-way ANOVA none of those QUESTION 6 What is the corresponing alternative hypothesis for the scenario in question #5? The three interest types do not differ with regard to the number of times they have been to Europe in the last five years. Interest type and travel to Europe are not related. The number of times people have been to Europe does not depend on interest type. The three interest types differ with regard to the number of times they have been to Europe in the last five years.
The Wall Street Journal Corporate Perceptions Study 2011 surveyed readers and asked how each rated the quality of management and the reputation of the company for over 250 worldwide corporations. Both the quality of management and the reputation of the company were rated on an excellent, good, and fair categorical scale. Assume the sample data for 200 respondents below applies to this study. Quality of Management Reputation of Company Excellent Good Fair Excellent 40 25 5 Good 35 28 10 Fair 25 17 15 (a) Use a 0.05 level of significance and test for independence of the quality of management and the reputation of the company. State the null and alternative hypotheses. H0: Quality of management is not independent of the reputation of the company.Ha: Quality of management is independent of the reputation of the company. H0: Quality of management is independent of the reputation of the company.Ha: Quality of management is not independent of the…