In preparing a report on the economy, we need to estimate the percentage of businesses that plan to hire additional employees in the next 60 days.a) How many randomly selected employers must we contact in order to create an estimate in which we are 99% confident with a margin of error of 7%?b) Suppose we want to reduce the margin of error to 5%. What sample size will suffice?c) Why might it not be worth the effort to try to get an interval with a margin of error of 1%?a) A sample size of is needed.(Round up to the nearest whole number.)b) A sample size of ☐ is needed.(Round up to the nearest whole number.)c) Choose the correct answer below.A. When the sum of the confidence level and the margin of error is less than or equal to 100%, the actual confidence level is reduced.OB. With a very small margin of error, the sample may not be representative of the population.C. It is not possible to get a margin of error that small without measuring the whole population.OD. The sample size becomes very large, and it is probably not worth the effort.OE. It is worth the effort because reducing the margin of error is always useful.MPM

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Answered: In preparing a report on the economy,…

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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A programmer plans to develop a new software system. In planning for the operating system that he will use, he needs to estimate the percentage of computers that use a new operating system. How many computers must be surveyed in order to be 90% confident that his estimate is in error by no more than three percentage points? Complete parts (a) through (c) below. a) Assume that nothing is known about the percentage of computers with new operating systems. n = (Round up to the nearest integer.) b) Assume that a recent survey suggests that about 98% of computers use a new operating system. n= (Round up to the nearest integer.) c) Does the additional survey information from part (b) have much of an effect on the sample size that is required? O A. Yes, using the additional survey information from part (b) dramatically increases the sample size. O B. No, using the additional survey information from part (b) only slightly increases the sample size. OC. No, using the additional survey…
A programmer plans to develop a new software system. In planning for the operating system that he will use, he needs to estimate the percentage of computers that use a new operating system. How many computers must be surveyed in order to be 90% confident that his estimate is in error by no more than five percentage points? Complete parts (a) through (c) below. a) Assume that nothing is known about the percentage of computers with new operating systems. n=0 (Round up to the nearest integer.) b) Assume that a recent survey suggests that about 95% of computers use a new operating system. n=0 (Round up to the nearest integer.) c) Does the additional survey information from part (b) have much of an effect on the sample size that is required? O A. No, using the additional survey information from part (b) does not change the sample size. O B. No, using the additional survey information from part (b) only slightly increases the sample size. OC. Yes, using the additional survey information from…
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The brand manager for a brand of toothpaste must plan a campaign designed to increase brand recognition. He wants to first determine the percentage of adults who have heard of the brand. How many adults must he survey in order to be 90% confident that his estimate is within eight percentage points of the true population percentage? Complete parts (a) through (c) below. ... a) Assume that nothing is known about the percentage of adults who have heard of the brand. n= (Round up to the nearest integer.)
You have been asked to estimate the proportion of households in Chicago that have two or more vehicles. a) How many households would you need to sample to be within 2 percent of the proportion of all households in Chicago that have two or more vehicles at a 90% level of confidence. b) You conduct a small preliminary sample, and you obtain a sample proportion of 19.5% that have two or more cars. Using this new information, what sample size should you gather in order to be within 2 percent of the proportion of all households in Chicago that have two or more vehicles at a 90% level of confidence.
You are the operations manager for an airline and you are considering a higher fare level for passengers in aisle seats. How many randomly selected air passengers must you survey? Assume that you want to be 90% confident that the sample percentage is within 5.5 percentage points of the true population percentage. Complete parts (a) and (b) below. a. Assume that nothing is known about the percentage of passengers who prefer aisle seats. (Round up to the nearest integer.) b. Assume that a prior survey suggests that about 38% of air passengers prefer an aisle seat. (Round up to the nearest integer.)
A programmer plans to develop a new software system. In planning for the operating system that he will use, he needs to estimate the percentage of computers that use a new operating system. How many computers must be surveyed in order to be 99% confident that his estimate is in error by no more than three percentage points? Complete parts (a) through (c) below. Question content area bottom Part 1 a) Assume that nothing is known about the percentage of computers with new operating systems. n=enter your response here (Round up to the nearest integer.) Part 2 b) Assume that a recent survey suggests that about 90% of computers use a new operating system. n=enter your response here (Round up to the nearest integer.) Part 3
You have been asked to estimate the proportion of households in Chicago that have two or more vehicles. a) How many households would you need to sample to be within 1.5 percent of the proportion of all households in Chicago that have two or more vehicles at a 95% level of confidence. b) You conduct a small preliminary sample, and you obtain a sample proportion of 20% that have two or more cars. Using this new information, what sample size should you gather in order to be within 1.5 percent of the proportion of all households in Chicago that have two or more vehicles at a 95% level of confidence.
A programmer plans to develop a new software system. In planning for the operating system that he will use, he needs to estimate the percentage of computers that use a new operating system. How many computers must be surveyed in order to be 99% confident that his estimate is in error by no more than two percentage points question mark Complete parts (a) a) Assume that nothing is known about the percentage of computers with new operating systems.

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