Intro STATS, Books a la Carte Plus New Mystatlab with Pearson Etext -- Access Card Package
4th Edition
ISBN: 9780321869852
Author: Richard D. De Veaux
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Textbook Question
Chapter 16, Problem 26E
Junk mail Direct mail advertisers send solicitations (a.k.a. “junk mail”) to thousands of potential customers in the hope that some will buy the company’s product. The acceptance rate is usually quite low. Suppose a company wants to test the response to a new flyer, and sends it to 1000 people randomly selected from their mailing list of over 200,000 people. They get orders from 123 of the recipients.
- a) Create a 90% confidence interval for the percentage of people the company contacts who may buy something.
- b) Explain what this interval means.
- c) Explain what “90% confidence” means.
- d) The company must decide whether to now do a mass mailing. The mailing won’t be cost-effective unless it produces at least a 5% return. What does your confidence interval suggest? Explain.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
BUSINESS DISCUSS
A researcher wishes to estimate, with 90% confidence, the population proportion of adults who support labeling
legislation for genetically modified organisms (GMOs). Her estimate must be accurate within 4% of the true proportion.
(a) No preliminary estimate is available. Find the minimum sample size needed.
(b) Find the minimum sample size needed, using a prior study that found that 65% of the respondents said they support
labeling legislation for GMOs.
(c) Compare the results from parts (a) and (b).
...
(a) What is the minimum sample size needed assuming that no prior information is available?
n =
(Round up to the nearest whole number as needed.)
The table available below shows the costs per mile (in cents) for a sample of automobiles. At a = 0.05, can you conclude that at least one mean
cost per mile is different from the others?
Click on the icon to view the data table.
Let Hss, HMS, HLS, Hsuv and Hмy represent the mean costs per mile for small sedans, medium sedans, large sedans, SUV 4WDs, and minivans
respectively. What are the hypotheses for this test?
OA. Ho: Not all the means are equal.
Ha Hss HMS HLS HSUV HMV
B. Ho Hss HMS HLS HSUV = μMV
Ha: Hss *HMS *HLS*HSUV * HMV
C. Ho Hss HMS HLS HSUV =μMV
= =
H: Not all the means are equal.
D. Ho Hss HMS
HLS HSUV HMV
Ha Hss HMS
HLS =HSUV = HMV
Chapter 16 Solutions
Intro STATS, Books a la Carte Plus New Mystatlab with Pearson Etext -- Access Card Package
Ch. 16.1 - A Pew Research study regarding cell phones asked...Ch. 16.1 - Prob. 2JCCh. 16.1 - A Pew Research study regarding cell phones asked...Ch. 16.1 - Prob. 4JCCh. 16.1 - Prob. 5JCCh. 16.2 - Prob. 6JCCh. 16.2 - Prob. 7JCCh. 16.2 - Prob. 8JCCh. 16 - Prob. 1ECh. 16 - Prob. 2E
Ch. 16 - Prob. 3ECh. 16 - Prob. 4ECh. 16 - Prob. 5ECh. 16 - 6. I asked, “How’s life?” In the Gallup poll...Ch. 16 - Prob. 7ECh. 16 - Prob. 8ECh. 16 - Margin of error A TV newscaster reports the...Ch. 16 - Another margin of error A medical researcher...Ch. 16 - Conditions For each situation described below,...Ch. 16 - More conditions Consider each situation described....Ch. 16 - Conclusions A catalog sales company promises to...Ch. 16 - More conclusions In January 2002, two students...Ch. 16 - Confidence intervals Several factors are involved...Ch. 16 - Confidence intervals, again Several factors are...Ch. 16 - Cars What fraction of cars made in Japan? The...Ch. 16 - Prob. 18ECh. 16 - Prob. 19ECh. 16 - Prob. 20ECh. 16 - Prob. 21ECh. 16 - Prob. 22ECh. 16 - 23. Contributions, please The Paralyzed Veterans...Ch. 16 - Take the offer First USA, a major credit card...Ch. 16 - Teenage drivers An insurance company checks police...Ch. 16 - Junk mail Direct mail advertisers send...Ch. 16 - Prob. 27ECh. 16 - Prob. 28ECh. 16 - Prob. 29ECh. 16 - Gambling A city ballot includes a local initiative...Ch. 16 - Rickets Vitamin D, whether ingested as a dietary...Ch. 16 - Teachers A 2011 Gallup poll found that 76% of...Ch. 16 - Prob. 33ECh. 16 - Back to campus ACT, Inc. reported that 74% of 1644...Ch. 16 - Deer ticks Wildlife biologists inspect 153 deer...Ch. 16 - Prob. 36ECh. 16 - Graduation Its believed that as many as 25% of...Ch. 16 - Hiring In preparing a report on the economy, we...Ch. 16 - Prob. 39ECh. 16 - Prob. 40ECh. 16 - Prob. 41ECh. 16 - Another pilot study During routine screening, a...Ch. 16 - Prob. 43ECh. 16 - Amendment A TV news reporter says that a proposed...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- Question: A company launches two different marketing campaigns to promote the same product in two different regions. After one month, the company collects the sales data (in units sold) from both regions to compare the effectiveness of the campaigns. The company wants to determine whether there is a significant difference in the mean sales between the two regions. Perform a two sample T-test You can provide your answer by inserting a text box and the answer must include: Null hypothesis, Alternative hypothesis, Show answer (output table/summary table), and Conclusion based on the P value. (2 points = 0.5 x 4 Answers) Each of these is worth 0.5 points. However, showing the calculation is must. If calculation is missing, the whole answer won't get any credit.arrow_forwardBinomial Prob. Question: A new teaching method claims to improve student engagement. A survey reveals that 60% of students find this method engaging. If 15 students are randomly selected, what is the probability that: a) Exactly 9 students find the method engaging?b) At least 7 students find the method engaging? (2 points = 1 x 2 answers) Provide answers in the yellow cellsarrow_forwardIn a survey of 2273 adults, 739 say they believe in UFOS. Construct a 95% confidence interval for the population proportion of adults who believe in UFOs. A 95% confidence interval for the population proportion is ( ☐, ☐ ). (Round to three decimal places as needed.)arrow_forward
- Find the minimum sample size n needed to estimate μ for the given values of c, σ, and E. C=0.98, σ 6.7, and E = 2 Assume that a preliminary sample has at least 30 members. n = (Round up to the nearest whole number.)arrow_forwardIn a survey of 2193 adults in a recent year, 1233 say they have made a New Year's resolution. Construct 90% and 95% confidence intervals for the population proportion. Interpret the results and compare the widths of the confidence intervals. The 90% confidence interval for the population proportion p is (Round to three decimal places as needed.) J.D) .arrow_forwardLet p be the population proportion for the following condition. Find the point estimates for p and q. In a survey of 1143 adults from country A, 317 said that they were not confident that the food they eat in country A is safe. The point estimate for p, p, is (Round to three decimal places as needed.) ...arrow_forward
- (c) Because logistic regression predicts probabilities of outcomes, observations used to build a logistic regression model need not be independent. A. false: all observations must be independent B. true C. false: only observations with the same outcome need to be independent I ANSWERED: A. false: all observations must be independent. (This was marked wrong but I have no idea why. Isn't this a basic assumption of logistic regression)arrow_forwardBusiness discussarrow_forwardSpam filters are built on principles similar to those used in logistic regression. We fit a probability that each message is spam or not spam. We have several variables for each email. Here are a few: to_multiple=1 if there are multiple recipients, winner=1 if the word 'winner' appears in the subject line, format=1 if the email is poorly formatted, re_subj=1 if "re" appears in the subject line. A logistic model was fit to a dataset with the following output: Estimate SE Z Pr(>|Z|) (Intercept) -0.8161 0.086 -9.4895 0 to_multiple -2.5651 0.3052 -8.4047 0 winner 1.5801 0.3156 5.0067 0 format -0.1528 0.1136 -1.3451 0.1786 re_subj -2.8401 0.363 -7.824 0 (a) Write down the model using the coefficients from the model fit.log_odds(spam) = -0.8161 + -2.5651 + to_multiple + 1.5801 winner + -0.1528 format + -2.8401 re_subj(b) Suppose we have an observation where to_multiple=0, winner=1, format=0, and re_subj=0. What is the predicted probability that this message is spam?…arrow_forward
- Consider an event X comprised of three outcomes whose probabilities are 9/18, 1/18,and 6/18. Compute the probability of the complement of the event. Question content area bottom Part 1 A.1/2 B.2/18 C.16/18 D.16/3arrow_forwardJohn and Mike were offered mints. What is the probability that at least John or Mike would respond favorably? (Hint: Use the classical definition.) Question content area bottom Part 1 A.1/2 B.3/4 C.1/8 D.3/8arrow_forwardThe details of the clock sales at a supermarket for the past 6 weeks are shown in the table below. The time series appears to be relatively stable, without trend, seasonal, or cyclical effects. The simple moving average value of k is set at 2. What is the simple moving average root mean square error? Round to two decimal places. Week Units sold 1 88 2 44 3 54 4 65 5 72 6 85 Question content area bottom Part 1 A. 207.13 B. 20.12 C. 14.39 D. 0.21arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
Big Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin Harcourt
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt
Statistics 4.1 Point Estimators; Author: Dr. Jack L. Jackson II;https://www.youtube.com/watch?v=2MrI0J8XCEE;License: Standard YouTube License, CC-BY
Statistics 101: Point Estimators; Author: Brandon Foltz;https://www.youtube.com/watch?v=4v41z3HwLaM;License: Standard YouTube License, CC-BY
Central limit theorem; Author: 365 Data Science;https://www.youtube.com/watch?v=b5xQmk9veZ4;License: Standard YouTube License, CC-BY
Point Estimate Definition & Example; Author: Prof. Essa;https://www.youtube.com/watch?v=OTVwtvQmSn0;License: Standard Youtube License
Point Estimation; Author: Vamsidhar Ambatipudi;https://www.youtube.com/watch?v=flqhlM2bZWc;License: Standard Youtube License