Question

In: Statistics and Probability

For this discussion, I chose option two again to determine what the population proportion is for...

For this discussion, I chose option two again to determine what the population proportion is for those who own an Xbox One compared to a PlayStation 4 or PC. Suppose I interview 400 people at a gaming convention, say PAX East, and asked them which game system they preferred. After I was done interviewing these people, I concluded that 160 people owned an Xbox One, while the other 240 people owned either the PlayStation 4 or a PC. I have a 95% confidence level of this estimate that a little bit under half of all gamers out there own the Xbox and are happy with this system and will not switch down the line. What is the population proportion for this data set and do you agree in the assumption that the divide between these systems is accurate? I look forward to seeing your answers for this data set.

Solutions

Expert Solution

As the total sample size of the study is taken to be 400 respondent. The division as suggested in the problem is:

Gaming Option Xbox Playstation PC
Owned 160 240

The given data suggest that for the sample population the % of people who owns xbox will be:

% of people owning xbox: 160/400(p) = 0.4 = 40%.

% of people not owning xbox(q)=1-0.4 = 0.6

Now we need to arrive at the population from the sample data which states that around 50% of the people own Xbox & will not switch.

Total population information is missing in the case so we need to find the z score for the 95% confidence interval which will be 1.96.

Now the formula will be = z*(p*q/n)^0.5 = 0.0245

Hence the confidence interval for proportion will be =0.4+0.0245 =0.424495

= 0.4-0.0245 = 0.375505

Hence the population maximum value can go upto 0.424495 which will be 42.44%. Hence te guess which the observer is carrying is not inline will the data output.


Related Solutions

The company I chose for this discussion is Gatorade. It is something I have been drinking...
The company I chose for this discussion is Gatorade. It is something I have been drinking since I began playing sports which was when I was about 10 years old. As a child and now I always thought it tasted good, so I continued to drink it. The target market of Gatorade is definably athletes and teenagers. I think they make this appealing to athletes since it is considered a sports drink and they use a lot of famous athletes...
*this is for sociology class and i chose psychology because there were no option for sociology...
*this is for sociology class and i chose psychology because there were no option for sociology under "select a subject" List a plan of action on how you would change the american justice system for criminals. what steps would need to be taken? IF you get your solution from an online source please provide the link below the answer. IF you get your solution from an online source please provide the link below the answer. IF you get your solution...
A private opinion poll is conducted for a politician to determine what proportion of the population...
A private opinion poll is conducted for a politician to determine what proportion of the population favors decriminalizing marijuana possession. How large a sample is needed in order to be 92% confident that the sample proportion will not differ from the true proportion by more than 5% ?
the ideal response to this discussion? The startup I chose is called Fast. In partnership with...
the ideal response to this discussion? The startup I chose is called Fast. In partnership with vendors, Fast is designed to allow users to skip filling out their address, credit card information, and phone number every time they make an online purchase (“Fast”, n.d.). The goal of Fast is to allow one-click checkout for all online stores (Gagne, 2020). Its first product, Fast Checkout, launched last month (Gagne, 2020). Users create an account and are able to pay with one...
The population proportion is .65 . What is the probability that a sample proportion will be...
The population proportion is .65 . What is the probability that a sample proportion will be within + or - .02 of the population proportion for each of the following sample sizes? Round your answers to 4 decimal places. Use z-table. a. n=100 b. n=200 c. n=500 d. n=1000 e. What is the advantage of a larger sample size? With a larger sample, there is a probability will be within + or - .02 of the population proportion .
Determine the margin of error for a confidence interval to estimate the population proportion for the...
Determine the margin of error for a confidence interval to estimate the population proportion for the following confidence levels with a sample proportion equal to 0.36 and n=125. a. 90​%             b. 95​%             c. 98​% a. The margin of error for a confidence interval to estimate the population proportion for the 90% confidence level is _ b. The margin of error for a confidence interval to estimate the population proportion for the 95% confidence level is _ c. The margin of...
Determine the margin of error for a confidence interval to estimate the population proportion for the...
Determine the margin of error for a confidence interval to estimate the population proportion for the following confidence levels with a sample proportion equal to 0.45 and n equals=120. a. 90​% b. 95​% c. 99​%
Determine the margin of error for a confidence interval to estimate the population proportion for the...
Determine the margin of error for a confidence interval to estimate the population proportion for the following confidence levels with a sample proportion equal to .40 and n=100 A) 90% b) 95% c) 99%
Determine the margin of error for a confidence interval to estimate the population proportion for the...
Determine the margin of error for a confidence interval to estimate the population proportion for the following confidence levels with a sample proportion equal to 0.35 and n=120 a)90​% b)95​% c)98​% Click the icon to view a portion of the Cumulative Probabilities for the Standard Normal Distribution table. a. The margin of error for a confidence interval to estimate the population proportion for the 90 % confidence level is _____​(Round to three decimal places as​ needed.) b. The margin of...
The population proportion is 0.60. What is the probability that a sample proportion will be within...
The population proportion is 0.60. What is the probability that a sample proportion will be within ±0.04 of the population proportion for each of the following sample sizes? Round your answers to 4 decimal places. Use z-table. A.) n=100 B.) n= 200 C.) n=500 D.) n=1,000
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT