1. Suppose that 20% of the subscribers of a cable TV company watch the shopping channel at least once a week. The cable company is trying to decide whether to replace this channel with a new local channel. A random survey of 100 subscribers will be undertaken. The cable company has decided to keep the shopping channel if more than 25% of the sample watches the shopping channel. What is the probability that the cable company will keep the shopping channel?
1. Suppose that 20% of the subscribers of a cable TV company watch the shopping channel at least once a week. The cable company is trying to decide whether to replace this channel with a new local channel. A random survey of 100 subscribers will be undertaken. The cable company has decided to keep the shopping channel if more than 25% of the sample watches the shopping channel. What is the probability that the cable company will keep the shopping channel?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Please answer the following and explain why you use the formulas you do. Also please include the conditions for using Central Limit Theorem and whether this problem qualifies under those conditions. Thank you.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 6 images
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question
Why do you use the sample standard deviation formula to get .04, rather than using the normal standard deviation formula of sqaure root of n.p.q, which would give you 4 instead of .04. How do you know to use the sample formula? Thanks.
Solution
by Bartleby Expert
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