Question

In: Statistics and Probability

A company surveyed 2500 men where 1200 of the men identified themselves as the primary grocery...

A company surveyed 2500 men where 1200 of the men identified themselves as the primary grocery shopper in their household.

​a) Estimate the percentage of all males who identify themselves as the primary grocery shopper. Use a 98​% confidence interval.

Solutions

Expert Solution

Formula for confidence interval estimate for single population proportions (percentage): p

for 98% confidence level = (100-98)/100 =0.02

/2 = 0.02/2 =0.01

Z/2 = Z0.01 = 2.3263

Number men surveyed : n = 2500

Number men who  identified themselves as the primary grocery shopper in their household : x= 1200

Sample Proportion of males who identify themselves as the primary grocery shopper : = 1200/2500 = 0.48

98​% confidence interval Estimate of the proportion of all males who identify themselves as the primary grocery shopper

98​% confidence interval Estimate of the proportion of all males who identify themselves as the primary grocery shopper = (0.456756,0.503244)

In percentage terms,

98​% confidence interval Estimate of the percentage of all males who identify themselves as the primary grocery shopper = (45.6756 % , 50.3244%)


Related Solutions

XYZ Company has experienced increased production costs. The primary area of concern identified by management is...
XYZ Company has experienced increased production costs. The primary area of concern identified by management is direct labor. The company is considering adopting a standard cost system to help control labor and other costs. Useful historical data are not available because detailed production records have not been maintained. To establish labor standards, XYZ Company has retained an engineering consulting firm. After a complete study of the work process, the consultants recommended a labor standard of one unit of production every...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT