Question

In: Statistics and Probability

Just before a referendum on a school​ budget, a local newspaper polls 430 voters to predict...

Just before a referendum on a school​ budget, a local newspaper polls 430 voters to predict whether the budget will pass. Suppose the budget has the support of 55​%of the voters. What is the probability that the​ newspaper's sample will lead it to predict​ defeat?

Probability is=

Solutions

Expert Solution

Calculations:-

Resulting in defeat, the proportion of voters in support must be less than 0.5. Assuming that the proportion of voters in support follows normal distribution, we can calculate the probability of the proportion being less than 0.5. The proportion of the voters in support = p = 0.55

The sample size of the sample is = 430

The standard deviation of the sample is given by -

s = 0.0240

Now, the proportion of the population in support follows a normal distribution with mean of 0.55 and standard deviation of 0.0240 So, the probability of mean being less than 0.5 can be calculated using the Z value of the mean as shown below -

P(p<0.5) = P(Z < {0.5-0.55} / 0.0240)

= P(Z < -2.0833)

~= P(Z< -2.08)

From the table we get the required value as

P(Z< -2.08) = 0.0188

Hence the probability that the newspapers sample will lead it to predict defeat is = 0.0188

conclusion:-

s= 0.0240

P(Z< -2.08) = 0.0188

Please like.


Related Solutions

Just before Quebec referendum on sovereignty, a local newspaper polls 400 voters in an attempt to...
Just before Quebec referendum on sovereignty, a local newspaper polls 400 voters in an attempt to predict whether it would succeed. Suppose that sovereignty has the support of 48% of the voters. What is the probability that the news paper’s sample will lead them to predict victory? Interpret the results in the context of this problem. Be sure to verify that the assumptions and conditions necessary for your analysis are met
7. (TCO E) The City of Champions has a referendum that will go before voters to...
7. (TCO E) The City of Champions has a referendum that will go before voters to build the best football stadium in the world. The ballot calls for the voters to approve or disapprove a 6% sales tax increase to construct the new stadium. The stadium is estimated to cost $800,000,000, and this cost is detailed in the narratives of the referendum. Once the $800,000,000 is raised for the stadium construction, the stadium sales tax will be terminated, and any...
A local bank is running the following advertisement in the​ newspaper: "For just $5,000we will pay...
A local bank is running the following advertisement in the​ newspaper: "For just $5,000we will pay you$250​forever!" The fine print in the ad says that for a $5,000 ​deposit, the bank will pay $250 every year in​ perpetuity, starting one year after the deposit is made. What interest rate is the bank advertising​ (what is the rate of return of this​ investment)?
1. A local bank is running the following advertisement in the​ newspaper: "For just $ 4,000...
1. A local bank is running the following advertisement in the​ newspaper: "For just $ 4,000 we will pay you $ 240forever!" The fine print in the ad says that for a $ 4,000 deposit, the bank will pay $ 240every year in​ perpetuity, starting one year after the deposit is made. What interest rate is the bank advertising​ (what is the rate of return of this​ investment)? The interest rate the bank is advertising is.....?% (round to nearest integer.)
4. You have just graduated from nursing school and started a job at the local correctional...
4. You have just graduated from nursing school and started a job at the local correctional facility in the health clinic. Your first client is a female who has just been transferred to the correctional facility today. She has a diagnosis of terminal cancer. You learn she has three children and a husband that are devastated about her incarceration. The client reports being extremely worried about her family. a. What are the potential blocks to the assessment process with this...
Mr. Raju just appointed as an account manager at NH Sdn Bhd, a retail company selling merchandises for local market. Mr. Raju is being responsible to prepare and monitor the budget and expenses of the company
Mr. Raju just appointed as an account manager at NH Sdn Bhd, a retail company selling merchandises for local market. Mr. Raju is being responsible to prepare and monitor the budget and expenses of the company business. Currently the company is preparing the quarterly budget as of 31 December 2020 and he has been asked by Ms. Sally, the owner of the company, to prepare a master budget. The sales forecast for the merchandises are provided as follows:Unit salesAugust 20201,500...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT