Question

In: Statistics and Probability

Shortly after the major oil spill in the Gulf of Mexico that occurred in April 2010...

Shortly after the major oil spill in the Gulf of Mexico that occurred in April 2010 due to an explosion on an oil rig, a Rasmussan Poll found that 23% of respondents were against offshore drilling for oil. In an effect to confirm these results, and environment group randomly selected 200 adults and asked them their opinions about offshore drilling. A. What is the probability that 40 or more people from this sample are against offshore drilling oil? B. What is the probability that 50 or more people from the sample are against offshore drilling oil? C. If 62 people in the sample indicated that they are against offshore drilling for oil. What conclusions can the environmental group make?

Solutions

Expert Solution

From the information

n = number of adults in sample = 200

P : population Proportion of adults against offshore drilling for oil. = 23% = 0.23

Let the random variable X denotes number of people in a sample against offshore drilling for oil.

The distribution of random variable X is binomial with parameter n = 200 and P = 0.23

X ~ Bin (n = 200, P = 0.23)

The p.m.f. of random variable X is

E(X) = nP = 200 * 0.23 = 46 and SD(X) =sqrt(nP(1-P)) = 5.9515

A) Required probability = P (X > = 40) = P ( X >= 40.5) using continuity correction.

Since n is large, using normal approximation to binomial distribution

Z = (X-E(X)) / SD(X) ~ N(0,1).

= P ( Z >= -0.9241)

From normal probability table

P ( Z>= 0.9241) = 0.8229

P( 40 or more people in the sample are against offshore drilling oil) = 0.8229.

B) Required probability = P (X > = 50) = P ( X >= 50.5) using continuity correction.

= P ( Z >= 0.7561)

From normal probability

P(Z >= 0.7561) = 0.2248

P( 50 or more people in the sample are against offshore drilling oil) = 0.2248.

C) x= number of people in the sample are against offshore drilling oil = 62.

n = number of adults in sample = 200

p: sample proportion of people are against offshore drilling oil

p = x/n = 62 / 200 = 0.31.

Since p > P ( 0.31 > 0.23)

Environmental group conclude that the proportion of people are against offshore drilling oil in a sample is greater than population.


Related Solutions

A massive oil spill in the gulf unleashes approximately 20,311 barrels of oil into the Gulf...
A massive oil spill in the gulf unleashes approximately 20,311 barrels of oil into the Gulf each hour. This creates an expanding circular layer of oil on the water’s surface about 1/16 inches thick with the center being the source of the spill. Letting R(t) represent the radius (in miles) t hours after 6:00pm, the growing radius of this oil spill can be modeled by the formula: R(t)=1/2 √(t+1) A.) What time did this spill start? (When was the radius...
If 800 million liters of oil were released into the Gulf of Mexico during the 2010...
If 800 million liters of oil were released into the Gulf of Mexico during the 2010 Deepwater Horizon oil spill. If the oil from this oil spill formed a film on the ocean surface that was one molecule thick, how much area would it cover? Warning: estimates required.(Answer:10^9 km^2)
Deep Sea Drilling is evaluating drilling for oil in the Gulf of Mexico. It will cost...
Deep Sea Drilling is evaluating drilling for oil in the Gulf of Mexico. It will cost $830 million to buy an oil rig. Drilling would start immediately. The company has a cost of capital of 9%. There is a 50% probability that the new well will be successful, in which case the free cash flow from the well will be $200 million per year for 20 years. Otherwise, it will only generate $40 million per year for 10 years. Part...
Deep Sea Drilling is evaluating drilling for oil in the Gulf of Mexico. It will cost...
Deep Sea Drilling is evaluating drilling for oil in the Gulf of Mexico. It will cost $830 million to buy an oil rig. Drilling would start immediately. The company has a cost of capital of 8%. There is a 50% probability that the new well will be succcessful, in which case the free cash flow from the well will be $200 million per year for 20 years. Otherwise, it will only generate $40 milion per year for 10 years. PART...
3. With your knowledge of crisis action planning, research BP’s Gulf Oil Spill and evaluate their...
3. With your knowledge of crisis action planning, research BP’s Gulf Oil Spill and evaluate their preparedness and response to a crisis. If you use a source, make sure you list it at the end of your discussion.
In August 2005, Hurricane Katrina damaged or destroyed oil platforms in the Gulf of Mexico, refineries...
In August 2005, Hurricane Katrina damaged or destroyed oil platforms in the Gulf of Mexico, refineries along the Gulf coast, and the pipeline infrastructure that transports oil and gas to customers across the eastern United States. The winter of 2006 was unusually cold in many parts of the country. How did these events affect the market for natural gas? Describe or show the impact on Supply, Demand, Price, and Quantities of the impacted markets.
In August 2005, Hurricane Katrina damaged or destroyed oil platforms in the Gulf of Mexico, refineries...
In August 2005, Hurricane Katrina damaged or destroyed oil platforms in the Gulf of Mexico, refineries along the Gulf coast, and the pipeline infrastructure that transports oil and natural gas to customers across the eastern United States. The winter of 2006 was unusually cold in many parts of the country. How did these events affect the market for natural gas? (Explain which curve(s) shift(s) and the effects on the equilibrium quantity and equilibrium price of natural gas.)
Looking at a the case study, "2010 Deepwater Horizon Oil Spill", one of the largest environmental...
Looking at a the case study, "2010 Deepwater Horizon Oil Spill", one of the largest environmental disasters in history, scrutinize and discuss any aspect of the case, including the technical, legal, environmental, or ethical details. However, include some explicit discussion of the decision of the engineers overseeing operations on the Deepwater Horizon. To what were these decisions an engineering failure? What aspects of the engineer’s code of ethics did they violate? What might they have done different to prevent such...
38. Shortly after fertilization has occurred, the ovum undergoes a number of mitotic divisions that transforms...
38. Shortly after fertilization has occurred, the ovum undergoes a number of mitotic divisions that transforms it into a ____________, this stage of development occurs in the _________ A) Trophoblast: Endometrium B) Blastocele: Ovaries C) Morula: Fallopian Tube D: Chorian: Uterus E) Ovary: Amnion 41. The presence of both dihydrotestosterone and __________ in the fetus will further the development of the _________ into the male reproductive tract. A) Estrogen: Wolffian ducts B) Mullerian-promoting substance : Mullerian ducts C) Wolffian-promoting substance:...
What can I include in terms of employee perspective after there is oil spill from train...
What can I include in terms of employee perspective after there is oil spill from train derailment affecting the environment? Use ethical theory concepts (within 200 words)
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT