Question

In: Statistics and Probability

From driverless cars to a workplace staffed by robots, automation has the potential to reshape many...

From driverless cars to a workplace staffed by robots, automation has the potential to reshape many facets of American life. The large majority of Americans (87%) would favor a requirement that all driverless vehicles have a human in the driver's seat who can take control of the vehicle in the event of an emergency, while 56% of U.S. adults say that they would not ride in a driverless vehicle.† If these figures are correct, what is the probability that in a sample of n = 100 U.S. adults, the sample proportion of adults who would not ride in a driverless vehicle falls between 54% and 64%? (Round your answer to four decimal places.)

Solutions

Expert Solution

Solution:

Population proportion of US adults who would not ride a driverless vehicle is, P = 56% = 0.56

We want to obtain the probability that sample proportion (p̂) of adults who would not ride in a driverless vehicle in a sample of 100 US adults falls between 54% and 64%.

i.e. We have to obtain Pr(0.54 < p̂ < 0.64).

If nP ≥ 10 and nQ ≥ 10 then sampling distribution of sample proportion follows approximately normal distribution with mean P and variance (PQ/n).

i.e. p̂ ~ N(P, PQ/n)

(Where, P is population proportion, Q = 1 - P and n is sample size.

We have, P = 0.56 , Q = 1 - 0.56 = 0.44 and n = 100

nP = 100×0.56 = 56 which is greater than 10.

nQ = 100×0.44 = 44 which is greater than 10.

Hence, we can consider sample proportion p̂ as approximately normally distributed random variable with mean P and variance PQ/n.

We have to obtain Pr(0.54 < p̂ < 0.64).

We know that if p̂ ~ N(P, PQ/n) then,

We have, P = 0.56 , Q = 1 - 0.56 = 0.44 and n = 100

Pr(0.54 < p̂ < 0.64) = Pr(p̂ < 0.64) - Pr(p̂ < 0.54)

Using "pnorm" function of R we get,

Pr(Z < 1.6116) = 0.9465 and Pr(Z < -0.4029) = 0.3435

Hence, the probability that in a sample of n = 100 U.S. adults, the sample proportion p̂ of adults who would not ride in a driverless vehicle falls between 54% and 64% is 0.6030.

Please rate the answer. Thank you.


Related Solutions

Consider a market in which there are many potential buyers and sellers of used cars. Each...
Consider a market in which there are many potential buyers and sellers of used cars. Each potential seller has one car, which is either of high quality (a plum) or low quality (a lemon). A seller with a low-quality car is willing to sell it for $4,500, whereas a seller with a high-quality car is willing to sell it for $8,500. A buyer is willing to pay $5,500 for a low-quality car and $10,500 for a high-quality car. Of course,...
Juguette has decided to implement ABC. Expected product-costing data are given below: Robots Race Cars Total...
Juguette has decided to implement ABC. Expected product-costing data are given below: Robots Race Cars Total Units produced 50,000 250,000 Prime costs $200,000 $750,000 $950,000 Machine hours 20,000 10,000 30,000 Number of setups 25 75 100 Number of moves 140 210 350 Inspection hours 1,200 2,800 4,000 Overhead costs:     Machining $150,000     Setting up 80,000     Moving materials 70,000     Inspecting products 50,000     Calculate the four activity rates: Machining: Setting up: Moving materials: Inspecting products: Calculate the unit...
The global search for talent has led many organisations to embrace diversity in the workplace. The...
The global search for talent has led many organisations to embrace diversity in the workplace. The BUS103 Organisation Behaviour (OB) course is teaching you to resist the inclination to rely on generalisations. However, managers sometimes forget that they need to recognise individual differences in their employees in order to capitalise on their unique strengths. It is pivotal that managers develop a greater awareness of these individual characteristics and manage their diverse workforce effectively to yield positive organisational outcomes. (b) Relate...
The global search for talent has led many organisations to embrace diversity in the workplace. The...
The global search for talent has led many organisations to embrace diversity in the workplace. The BUS103 Organisation Behaviour (OB) course is teaching you to resist the inclination to rely on generalisations. However, managers sometimes forget that they need to recognise individual differences in their employees in order to capitalise on their unique strengths. It is pivotal that managers develop a greater awareness of these individual characteristics and manage their diverse workforce effectively to yield positive organisational outcomes. (a) Identify...
In many workplaces ranging from Fortune 500 to small enterprises, workplace communication takes place over instant...
In many workplaces ranging from Fortune 500 to small enterprises, workplace communication takes place over instant messaging. The leading platform in this space is Slack, a cloud-based team collaboration tool. Messages are organized by private and public channels and users can chat, share documents, browse through past messages, and collaborate with each other. Slack is solidifying the role of instant messages in the workplace and even if you end up in a company that does not use Slack, it is...
There are many sellers of used cars. Each seller has exactly one used car to sell...
There are many sellers of used cars. Each seller has exactly one used car to sell and is characterised by the quality of the used car he wishes to sell. The quality of a used car is indexed by θ, which is uniformly distributed between 0 and 1. If a seller sells his car of quality θ for price p, his utility is p − θ2. If he does not sell his car, his utility is 0. Buyers of used...
Mary Guffey has identified six main dimensions of professional workplace behaviors that employers desire. However, many...
Mary Guffey has identified six main dimensions of professional workplace behaviors that employers desire. However, many professionals feel like they have a split personality. There is the side they portray in the workplace, then, there is another side that they only reveal to family and friends. As a Gen-Zer, what are your thoughts on this? Can you be yourself at work while still being professional? If yes, then how? Subject: Business Communication. Textbook: Essentials of Business Communication (Mary Ellen Guffey)
Aussie Vintage Cars Pty Ltd has been operating a successful business for many years specialising in...
Aussie Vintage Cars Pty Ltd has been operating a successful business for many years specialising in servicing and providing replacement parts for vintage cars. 5% of customers who received a replacement part found that it broke within one month. On the 1 July 2020, the owner decided to offer customers a warranty on replacement parts that are installed in the cars and requests that the Accounting Department set up a provision account to cover future warranty expenses. The manager asked...
With the decrease in gas prices, demand has shifted toward large cars and SUV's, away from...
With the decrease in gas prices, demand has shifted toward large cars and SUV's, away from hybrid cars like the Prius. Draw a graph showing the supply and demand for hybrid cars before and after the decrease in the price of gas. What do you predict will happen to the price of hybrids as the price of gasoline falls?
John West’s Used Cars plc has always hired students from the local university to wash the...
John West’s Used Cars plc has always hired students from the local university to wash the cars on the lot. John West is considering the purchase of an automatic car wash that would be used in place of the students. The following information has been gathered by John West’s accountant to help him make a decision on the purchase: a) Payments to students for washing cars total R15 000 per year at present. b) The car wash would cost R21...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT