Question

In: Statistics and Probability

A manufacturer of MP3 players conducts a set of comprehensive tests on the electrical functions of...

A manufacturer of MP3 players conducts a set of comprehensive tests on the electrical functions of its product. All MP3 players must pass all tests prior to being sold. Of a random sample of 500 MP3 players, 20 failed one or more tests. Find a 90% confidence interval for the proportion of MP3 players from the population that pass all tests.

Solutions

Expert Solution

One-Proportion Confidence Interval
We need to construct the 90% confidence interval for the population proportion. We have been provided with the following information:
The sample size is N = 500, the number of favorable cases is X = 480 and the sample proportion is pˉ​=X/N​=480/500​=0.96, and the significance level is α=0.1

Critical Value
Based on the information provided, the significance level is α=0.1, therefore the critical value for this Two-tailed test is Zc​=1.6449. This can be found by either using excel or the Z distribution table.

Margin of Error

The confidence interval:


Therefore, based on the data provided, the 90% confidence interval for the population proportion is 0.9456<p<0.9744, which indicates that we are 90% confident that the true population proportion p is contained by the interval (0.9456,0.9744)

Related Solutions

A manufacturer of compact disk players uses a set of comprehensive tests to access the electrical...
A manufacturer of compact disk players uses a set of comprehensive tests to access the electrical function of its product. All compact disk players must pass all tests prior to being sold. A random sample of 500 disk players resulted in 15 failing one or more tests. (a) Find a 99% two-sided confidence interval on the true proportion of test failure. (b) Find a 95% confidence lower bound on the true proportion of test failure. (c) Calculate the sample size...
Holding everything else constant, an increase in the price of MP3 players will result in Question...
Holding everything else constant, an increase in the price of MP3 players will result in Question 1 options: a decrease in the quantity of MP3 players supplied. a decrease in the demand for MP3 players. an increase in the supply of MP3 players. a decrease in the quantity of MP3 players demanded. Question 2 (1 point) Saved If a demand curve shifts to the right, then Question 2 options: demand has increased. quantity demanded has increased. demand has decreased. quantity...
Select any product that you are familiar with such as computers, jeans or personal MP3 players....
Select any product that you are familiar with such as computers, jeans or personal MP3 players. Once the item is selected, then you must undertake research into the specific items : target market and market segmentation. Your answer must contain information as to: How large is the target market, what is the future growth potential of this target market, how do/does the marketer reach this target market and so on? Also, mention in your answer that how will you re-position...
The manufacturer of an MP3 player wanted to know whether a 10% reduction in price is...
The manufacturer of an MP3 player wanted to know whether a 10% reduction in price is enough to increase the sales of its product. To investigate, the owner randomly selected eight outlets and sold the MP3 player at the reduced price. At seven randomly selected outlets, the MP3 player was sold at the regular price. Reported below is the number of units sold last month at the regular and reduced prices at the randomly selected outlets. Regular price 138 121...
The manufacturer of an MP3 player wanted to know whether a 10% reduction in price is...
The manufacturer of an MP3 player wanted to know whether a 10% reduction in price is enough to increase the sales of its product. To investigate, the owner randomly selected eight outlets and sold the MP3 player at the reduced price. At seven randomly selected outlets, the MP3 player was sold at the regular price. Reported below is the number of units sold last month at the regular and reduced prices at the randomly selected outlets. Regular price 135 121...
The manufacturer of an MP3 player wanted to know whether a 10% reduction in price is...
The manufacturer of an MP3 player wanted to know whether a 10% reduction in price is enough to increase the sales of its product. To investigate, the owner randomly selected eight outlets and sold the MP3 player at the reduced price. At seven randomly selected outlets, the MP3 player was sold at the regular price. Reported below is the number of units sold last month at the regular and reduced prices at the randomly selected outlets. Regular price 136 128...
The manufacturer of an MP3 player wanted to know whether a 10% reduction in price is...
The manufacturer of an MP3 player wanted to know whether a 10% reduction in price is enough to increase the sales of its product. To investigate, the owner randomly selected eight outlets and sold the MP3 player at the reduced price. At seven randomly selected outlets, the MP3 player was sold at the regular price. Reported below is the number of units sold last month at the regular and reduced prices at the randomly selected outlets. Regular price 138 121...
The manufacturer of an MP3 player wanted to know whether a 10% reduction in price is...
The manufacturer of an MP3 player wanted to know whether a 10% reduction in price is enough to increase the sales of its product. To investigate, the owner randomly selected eight outlets and sold the MP3 player at the reduced price. At seven randomly selected outlets, the MP3 player was sold at the regular price. Reported below is the number of units sold last month at the regular and reduced prices at the randomly selected outlets. Regular price 131 122...
The manufacturer of an MP3 player wanted to know whether a 10% reduction in price is...
The manufacturer of an MP3 player wanted to know whether a 10% reduction in price is enough to increase the sales of its product. To investigate, the owner randomly selected eight outlets and sold the MP3 player at the reduced price. At seven randomly selected outlets, the MP3 player was sold at the regular price. Reported below is the number of units sold last month at the regular and reduced prices at the randomly selected outlets. Regular price 138 124...
The manufacturer of an MP3 player wanted to know whether a 10% reduction in price is...
The manufacturer of an MP3 player wanted to know whether a 10% reduction in price is enough to increase the sales of its product. To investigate, the owner randomly selected eight outlets and sold the MP3 player at the reduced price. At seven randomly selected outlets, the MP3 player was sold at the regular price. Reported below is the number of units sold last month at the regular and reduced prices at the randomly selected outlets. Regular price 132 127...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT