Question

In: Statistics and Probability

Use the table below to calculate the answers to the questions that follow it. Be sure...

Use the table below to calculate the answers to the questions that follow it. Be sure to write how you are calculating your answer. You must include the numbers from the table when showing your work. The following table shows a sample of CSI students who are interested attending the “CSI has talent” show and whether they live on Staten Island. Results of a survey follow

SI resident

Interested- Yes Interested- No Total

SI resident-Yes

100 70 170

SI resident-No

120 70 190
Total: 220 140 360

A) What proportion of students are interested in attending the show?

B) What proportion of SI residents are interested in attending show? What proportion of non-SI residents are interested in attending the show? Which type of student is more likely to be interested in attending the show?

C) Assume that the proportion of all CSI students who are interested in attending the show is 0.6, what is the sampling distribution of the proportion of students who are interested in attending the show based on a sample size of 360 students?

D) How likely is it that would get a sample proportion less than what we obtained in part a?

Solutions

Expert Solution

a) proportion of students are interested in attending the show=220/360=0.611

b) proportion of SI residents are interested in attending show =100/170=0.588

proportion of non-SI residents are interested in attending the show =120/190=0.632

non-CSI  student is more likely to be interested in attending the show

c)

the sampling distribution of  proportion of students who are interested in attending the show based on a sample size of 360 students follows normal distribution with parameter

estimated proportion p=0.6 and

std error of proportion=σp=√(p*(1-p)/n)= 0.0258

d)

probability that 0.6111 proportion or less will be interested in attending the show

for normal distribution z score =(p̂-p)/σp
here population proportion=     p= 0.600
sample size       =n= 360
std error of proportion=σp=√(p*(1-p)/n)= 0.0258
probability = P(X<0.6111) = P(Z<0.43)= 0.6664

Related Solutions

Part 1 Calculate the missing values in the table below. Then answer the questions that follow...
Part 1 Calculate the missing values in the table below. Then answer the questions that follow it. GDP are in billions of dollars and the Consumer Price Index (CPI) is a percentage. CPI for 2001 is 98.6 Year Nominal GDP CPI RealGDP ri 2002 $10,469.58 Billion 100.0 2003 $10,971.34 Billion 102.3 2004 $11,734.30 Billion    105.0 2005 $12,601.00 Billion 108.6 All figures must be calculated to 2 decimal places and in the correct formats on a separate paper. You must...
Use the table below to determine the answers to the following questions. Assume an alpha of...
Use the table below to determine the answers to the following questions. Assume an alpha of 0.05 and use Excel's T Test Two Sample Assuming Unequal Variances to determine the answer to those questions. Employee Exercise Rating 1 Yes 15 2 Yes 17 3 Yes 16 4 Yes 20 5 Yes 20 6 Yes 14 7 Yes 14 8 Yes 16 9 Yes 24 10 Yes 10 11 Yes 23 12 Yes 22 13 Yes 15 14 Yes 13 15...
Use the 2019 U.S. federal tax rates in the table to calculate answers to the questions...
Use the 2019 U.S. federal tax rates in the table to calculate answers to the questions below. Give all answers to two decimals. 1st attempt See Hint If you have a taxable income of $323,420.00, what is your top marginal tax rate?     %    total tax bill?   $    average tax rate?     %   
1) Use the table below to answer the questions that follow. Thermodynamic Quantities for Selected Substances...
1) Use the table below to answer the questions that follow. Thermodynamic Quantities for Selected Substances at 298.15 K (25 °C) __ Substance ΔH ° f (kJ/mol) ΔG ° f (kJ/mol) S (J/K-mol) Calcium Ca (s) 0 0 41.4 CaCl 2 (s) -795.8 -748.1 104.6 Ca 2 + (aq) 226.7 209.2 200.8 Chlorine Cl 2 (g) 0 0 222.96 Cl- (aq) -167.2 -131.2 56.5 Oxygen O 2 (g) 0 0 205.0 H 2O (l) -285.83 -237.13 69.91 Phosphorus P 2...
Use the table below to answer the next two questions. The table below shows the relationship...
Use the table below to answer the next two questions. The table below shows the relationship between the number of workers hired and production. Wage is fixed at $49. How many workers should be hired to maximize profits if the product is sold at the price of $5 per unit? 2 3 4 5 Labor Quantity of Product Marginal Product of Labor Wage 1 8 8 49 2 20 12 49 3 36 16 49 4 46 10 49 5...
Refer to the information provided in Table below to answer the questions that follow. Employed 148,297...
Refer to the information provided in Table below to answer the questions that follow. Employed 148,297 Unemployed 8,705 What is the number of labor force What is the rate of unemployment What is the cost of unemployment (Explain just one point)? Why high rate of unemployment can be considered as one of biggest issues for the economy.?
refer to the table of data below and answer the questions that follow economic state probability...
refer to the table of data below and answer the questions that follow economic state probability of economic state return on stock J return on stock K bear 0.25 -0.02 0.034 normal 0.60 0.138 0.062 bull 0.15 0.218 0.092 calculate the expected return of each stock if a portfolio was created with from 30% of stock j and 70% of stock k what is the expected return of the portfolio? calculate the standard deviation of each stock? calculate the covariance...
Look at the Data Below then answer/calculate the totals in the questions that follow. (Show Workings)...
Look at the Data Below then answer/calculate the totals in the questions that follow. (Show Workings) Entrepreneur's potential earnings as a salaried worker = $50,000 Annual lease on building = $22,000 Annual revenue from operations = $380,000 Payments to workers = $120,000 Utilities (electricity, water, disposal) costs = $8,000 Entrepreneur's potential economic profit from the next best entrepreneurial activity = $80,000 Entrepreneur's forgone interest on personal funds used to finance the business = $6,000 Answer these questions directly: a) Creamy...
  Refer to the table for Moola given below to answer the following questions Enter answers...
  Refer to the table for Moola given below to answer the following questions Enter answers as whole numbers a. What is the equilibrium interest rate in Moola?... percent. b. What is the level of investment at the equilibrium interest rate? $...? c. Is there either a recessionary output gap (negative GDP gap) or an inflationary output gap (positive GDP gap) at the equilibrium interest rate and, if either, what is the amount? Recessionary output or Gap Inflationary output gap...
Use the table below to answer the questions below. The following prices are for call and...
Use the table below to answer the questions below. The following prices are for call and put options on a stock priced at $50.25. The March options have 90 days remaining and the June options have 180 days remaining. In your profit answers below, assume that each transaction is scaled by 100, reflecting the size of option contracts. Calls Puts Strike March June March June 45 6.85 8.45 1.20 2.15 50 3.90 5.60 3.15 4.20 55 1.95 3.60 6.15 7.00...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT