In a recent year, the Better Business Bureau settled 75% of complaints they received. (Source: USA Today,March 2, 2009) You have been hired by the Bureau to investigate complaints this year involving computerstores. You plan to select a random sample of complaints to estimate the proportion of complaints theBureau is able to settle. Assume the population proportion of complaints settled for the computer stores isthe 0.75, as mentioned above. Suppose your sample size is 204. What is the probability that the sampleproportion will be at least 3 percent more than the population proportion?Note: You should carefully round any z-values you calculate to at least 4 decimal places to match wamap'sapproach and calculations.Answer =(Enter your answer as a number accurate to 4 decimal places.)

n=204Mean=0.75Standard deviation=0.0303

Answered: In a recent year, the Better Business…

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

In an article that appears on a website,† Carlton Gunn, a public defender in Seattle, Washington, wrote about how he uses statistics in his work as an attorney. He states the following. I personally have used statistics in trying to challenge the reliability of drug testing results. Suppose the chance of a mistake in the taking and processing of a urine sample for a drug test is just 1 in 100. And your client has a "dirty" (i.e., positive) test result. Only a 1 in 100 chance that it could be wrong? Not necessarily. If the vast majority of all tests given—say 99 in 100—are truly clean, then you get one false dirty and one true dirty in every 100 tests, so that half of the dirty tests are false. Define the following events as given below. TD = event that the test result is dirty TC = event that the test result is clean D = event that the person tested is actually dirty C = event that the person tested is actually clean (a) Using the information in the quote, compute the following…
The price of a share of stock divided by the company's estimated future earnings per share is called the P/E ratio. High P/E ratios usually indicate "growth" stocks, or maybe stocks that are simply overpriced. Low P/E ratios indicate "value" stocks or bargain stocks. A random sample of 51 of the largest companies in the United States gave the following P/E ratiost. 9 20 11 35 19 13 15 21 29 53 16 26 21 14 21 27 10 12 47 14 40 18 60 72 33 14 8 49 5 16 8 19 12 31 67 51 26 18 17 20 19 13 25 23 27 44 20 27 19 18 32 (a) Use a calculator with mean and sample standard deviation keys to find the sample mean x and sample standard deviation s. (Round your answers to one decimal place.) (b) Find a 90% confidence interval for the P/E population mean u of all large U.S. companies. (Round your answers to one decimal place.) lower limit upper limit (c) Find a 99% confidence interval for the P/E population mean u of all large U.S. companies. (Round your answers to one decimal place.) lower limit upper…
Cody took his first physics exam and scored an 80. The population mean for this exam is 70, and the standard deviation is 5. What is the probability of selecting a person with a score greater than Cody’s?
Does it seem to you that people tend to be absent more on some days of the week than on others? Recently, a major biotechnology firm collected data with the hope of determining whether or not its employees were more likely to be absent on some weekdays than on others. The firm examined a random sample of 130 employee absences. The distribution of these 130 absences is shown in the table below. The observed frequency for each category (each weekday) is shown in the first row of numbers. The second row of numbers contains the frequencies expected for a sample of 130 employees if employee absences at the firm are equally likely on each of the five weekdays. The bottom row of numbers contains the following value for each of the categories.
The second slide is the first part of the question and the first slide is the second part of the question
Year 1 Discussion Questions 2. The following is the experience of Insurer A for the last three years: a. What is the frequency of losses in year 1? b. Calculate the probability of a loss in year 1. c. Calculate the mean losses per year for the collision claims and losses. d. Calculate the mean losses per exposure. e. Calculate the mean losses per claim.. f. What is the frequency of the losses? g. What is the severity of the losses? Number of Exposures 10,000 10,000 10,000 Number of Collision Claims 375 030 420 Collision Losses (5) 350,000 250,000 400,000
A direct mail company wishes to estimate the proportion of people on a large mailing list that will purchase a product. Suppose the true proportion is 0.07. If 343 are sampled, what is the probability that the sample proportion will be less than 0.11? Round your answer to four decimal places.
Does it seem to you that people tend to be absent more on some days of the week than on others? Recently, a major biotechnology firm collected data with the hope of determining whether or not its employees were more likely to be absent on some weekdays than on others. The firm examined a random sample of 110 employee absences. The distribution of these 110 absences is shown in the table below. The observed frequency for each category (each weekday) is shown in the first row of numbers. The second row of numbers contains the frequencies expected for a sample of 110 employees if employee absences at the firm are equally likely on each of the five weekdays. The bottom row of numbers contains the following value for each of the categories. (fo-fE) (Observedrequency Expectedrequency JE Part 1 Fill in the missing values in the table. Round your responses for the expected frequencies to two or more decimal places. 2 Round your responses to three or more decimal places. (SO-SE)² SE Send data…
Each year, researchers at the U.S. Bureau of Labor Statistics (BLS) administer the American Time Use Survey (ATUS). Researchers estimate the average amount of time Americans spend on daily activities, such as working, housework, and leisure activities. In particular, one activity that is of interest is the average amount of time Americans spend watching television each day.A researcher complied a random sample of 16 Americans and asked each person how much time they spent watching television each day. The results are given below. 1.9 2.3 3.9 4.4 3.2 1.5 1.2 4.4 0.9 4 0.6 3.9 4.5 1.9 1.8 3.7 Determine the point estimate, x¯ and the sample standard deviation, s. Round the solutions to four decimal places, if necessary.x¯=s=Using a 95% confidence level, determine the margin of error, EE, and a confidence interval for the average time Americans spend watching television each day. Report the confidence interval using interval notation. Round solutions to two decimal places, if…

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

SEE MORE TEXTBOOKS