one year of completing their undergraduate degree. Suppose we conduct a survey and find out that 350 of the 448 randomly sampled graduates found jobs. The graduating class under consideration included 4950 students. For each of the following use appropriate computational software and be sure that your answer has at least 4 decimal digits of accuracy. (a) What is the value of the point estimate for the proportion of graduates who found a job within one year. (b) We need to check if the conditions for constructing a confidence interval based on these data are met. Recall that the conditions are that we expect at least 10 successes, at least 10 failures, and we are sampling independent individuals. To check the last one we need to make sure that we are gathering no more than about 10% of the total population. This is especially important since the survey is done without replacement. How many successes do we expect? np = > 10 How many failures do we expect? n(1 – p) > 10 %3D Based on the 10% rule stated above, can we assume that the individuals are independent? ? (c) Calculate a 95% confidence interval for the proportion of graduates who found a job within one year of completing their undergraduate degree at this university. (round your critical z-score to two decimal places) Lower Bound:p – z* × SE = Upper Bound: p+ z* × SE =

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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one year of completing their undergraduate degree. Suppose we conduct a survey and find out that 350 of the 448
randomly sampled graduates found jobs. The graduating class under consideration included 4950 students.
For each of the following use appropriate computational software and be sure that your answer has at least 4 decimal
digits of accuracy.
(a) What is the value of the point estimate for the proportion of graduates who found a job within one year.
%3D
(b) We need to check if the conditions for constructing a confidence interval based on these data are met. Recall that
the conditions are that we expect at least 10 successes, at least 10 failures, and we are sampling independent
individuals. To check the last one we need to make sure that we are gathering no more than about 10% of the total
population. This is especially important since the survey is done without replacement.
How many successes do we expect? np =
> 10
How many failures do we expect? n(1- p)
> 10
Based on the 10% rule stated above, can we assume that the individuals are independent? ?
(c) Calculate a 95% confidence interval for the proportion of graduates who found a job within one year of completing
their undergraduate degree at this university. (round your critical z-score to two decimal places)
Lower Bound: p – z* × SE
Upper Bound: p+ z* × SE =
Transcribed Image Text:one year of completing their undergraduate degree. Suppose we conduct a survey and find out that 350 of the 448 randomly sampled graduates found jobs. The graduating class under consideration included 4950 students. For each of the following use appropriate computational software and be sure that your answer has at least 4 decimal digits of accuracy. (a) What is the value of the point estimate for the proportion of graduates who found a job within one year. %3D (b) We need to check if the conditions for constructing a confidence interval based on these data are met. Recall that the conditions are that we expect at least 10 successes, at least 10 failures, and we are sampling independent individuals. To check the last one we need to make sure that we are gathering no more than about 10% of the total population. This is especially important since the survey is done without replacement. How many successes do we expect? np = > 10 How many failures do we expect? n(1- p) > 10 Based on the 10% rule stated above, can we assume that the individuals are independent? ? (c) Calculate a 95% confidence interval for the proportion of graduates who found a job within one year of completing their undergraduate degree at this university. (round your critical z-score to two decimal places) Lower Bound: p – z* × SE Upper Bound: p+ z* × SE =
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