Question

In: Economics

A market research company conducted a telephone survey of 255 Melbourne households to determine the proportion...

A market research company conducted a telephone survey of 255 Melbourne households to determine the proportion of households seeking to purchase a new car in the next two years. An interval estimate of 0.151 to 0.289 was calculated. Determine the level of confidence (answer as percentage correct to two decimal places).

Solutions

Expert Solution

Explanation:-

Please find attached the image which contains solution for question;

If you have any dought about this answer dont give dislike ,tell us your dought in the comment then i can explain, Please rate me by giving me a like or thumb because it motivates me to do more work,Thank you.


Related Solutions

A market research company conducted a telephone survey of 320 Melbourne households to determine the proportion...
A market research company conducted a telephone survey of 320 Melbourne households to determine the proportion of households seeking to purchase a new car in the next two years. An interval estimate of 0.134 to 0.196 was calculated. Determine the level of confidence (answer as percentage correct to two decimal places).
The Consumer Reports National Research Center conducted a telephone survey of 2,000 adults to learn about...
The Consumer Reports National Research Center conducted a telephone survey of 2,000 adults to learn about the major economic concerns for the future. The survey results showed that 1,800 of the respondents think the future health of Social Security is a major economic concern. If computing the confidence intervals manually, make sure to use at least three decimal digits for the critical values. a. What is the point estimate of the population proportion of adults who think the future health...
The Consumer Reports National Research Center conducted a telephone survey of 2,000 adults to learn about...
The Consumer Reports National Research Center conducted a telephone survey of 2,000 adults to learn about the major economic concerns for the future. The survey results showed that 1,740 of the respondents think the future health of Social Security is a major economic concern. If computing the confidence intervals manually, make sure to use at least three decimal digits for the critical values. a. What is the point estimate of the population proportion of adults who think the future health...
The Consumer Reports National Research Center conducted a telephone survey of 2,000 adults to learn about...
The Consumer Reports National Research Center conducted a telephone survey of 2,000 adults to learn about the major economic concerns for the future. The survey results showed that 1,640 of the respondents think the future health of Social Security is a major economic concern. If computing the confidence intervals manually, make sure to use at least three decimal digits for the critical values. a. What is the point estimate of the population proportion of adults who think the future health...
The Consumer Reports National Research Center conducted a telephone survey of 2,000 adults to learn about...
The Consumer Reports National Research Center conducted a telephone survey of 2,000 adults to learn about the major economic concerns for the future. The survey results showed that 1,640 of the respondents think the future health of Social Security is a major economic concern. If computing the confidence intervals manually, make sure to use at least three decimal digits for the critical values . a. What is the point estimate of the population proportion of adults who think the future...
The Consumer Reports National Research Center conducted a telephone survey of 2,000 adults to learn about...
The Consumer Reports National Research Center conducted a telephone survey of 2,000 adults to learn about the major economic concerns for the future. The survey results showed that 1,640 of the respondents think the future health of Social Security is a major economic concern. If computing the confidence intervals manually, make sure to use at least three decimal digits for the critical values . a. What is the point estimate of the population proportion of adults who think the future...
The Consumer Reports National Research Center conducted a telephone survey of 2,000 adults to learn about...
The Consumer Reports National Research Center conducted a telephone survey of 2,000 adults to learn about the major economic concerns for the future. The survey results showed that 1,640 of the respondents think the future health of Social Security is a major economic concern. If computing the confidence intervals manually, make sure to use at least three decimal digits for the critical values. a. What is the point estimate of the population proportion of adults who think the future health...
According to a Pew Research Center nationwide telephone survey of adults conducted between March 15 and...
According to a Pew Research Center nationwide telephone survey of adults conducted between March 15 and April 24, 2011, 55% of college graduates said that college education prepared them for a job (Time, May 30, 2011). Suppose this result was true of all college graduates at that time. In a recent sample of 2000 college graduates, 59% said that college education prepared them for a job. Is there significant evidence at a 5% significance level to conclude that the current...
5. According to a Pew Research Center nationwide telephone survey of American adults conducted by phone...
5. According to a Pew Research Center nationwide telephone survey of American adults conducted by phone between March 15 and April 24, 2011, 75% of adults said that college education has become too expensive for most people and they cannot afford it (Time, May 30, 2011). Suppose that this result is true for the 2011 population of American adults. In a recent poll of 1600 American adults, 1160 said that college education has become too expensive for most people and...
The Consumer Reports National Research Center conducted a telephone survey of 2,000 adults to learn about...
The Consumer Reports National Research Center conducted a telephone survey of 2,000 adults to learn about the major economic concerns for the future. The survey results showed that 1,660 of the respondents think the future health of Social Security is a major economic concern. a. What is the point estimate of the population proportion of adults who think the future health of Social Security is a major economic concern? b. At 90% confidence, what is the margin of error (to...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT