In: Statistics and Probability
1. Based on historical data, your manager believes that 31% of
the company's orders come from first-time customers. A random
sample of 82 orders will be used to estimate the proportion of
first-time-customers. What is the probability that the sample
proportion is less than 0.28?
Answer = (Enter your answer as a number accurate to 4
decimal places.)
2. In a recent year, the Better Business Bureau settled 75% of
complaints they received. (Source: USA Today, March 2, 2009) You
have been hired by the Bureau to investigate complaints this year
involving computer stores. You plan to select a random sample of
complaints to estimate the proportion of complaints the Bureau is
able to settle. Assume the population proportion of complaints
settled for the computer stores is the 0.75, as mentioned above.
Suppose your sample size is 102. What is the probability that the
sample proportion will be at least 3 percent more than the
population proportion?
Answer = (Enter your answer as a number accurate to 4
decimal places.)
3. Based on historical data, your manager believes that 27% of
the company's orders come from first-time customers. A random
sample of 186 orders will be used to estimate the proportion of
first-time-customers. What is the probability that the sample
proportion is less than 0.32?
Answer = (Enter your answer as a number accurate to 4
decimal places.)
1) Given data
population proportion (p)=0.31
Number of sample (n)=82
Sample proportion
test statistic for this proportion will be
So the probability of getting sample proportion less than 0.28 will be the probability less than Z= -0.59 from the Standard probability distribution table for Z score
So
P=0.2776
2) Given data
population proportion (p)=0.75
Number of sample (n)=102
Sample proportion
test statistic for this proportion will be
So the probability of getting sample proportion at most 0.78 will be the probability less than Z= 0.70 from the Standard probability distribution table for Z score
that is
So probability of getting proportion at least 0.78 will be
3) Given data
population proportion (p)=0.27
Number of sample (n)=186
Sample proportion
test statistic for this proportion will be
So the probability of getting sample proportion less than 0.32 will be the probability less than Z= 1.54 from the Standard probability distribution table for Z score
So
P=0.9377