Question

In: Statistics and Probability

Facebook penetration values (the percentage of a country’s population that are Facebook users) for 15 randomly...

  1. Facebook penetration values (the percentage of a country’s population that are Facebook users) for 15 randomly selected countries are: 52.56, 33.09, 5.37, 19.41, 32.52, 41.69, 51.61, 30.12, 39.07, 30.62, 38.16, 49.35, 27.13, 53.45, 40.01.
    1. Give point estimates for the population mean Facebook penetration (µ), and the population standard deviation of Facebook penetration (σ).
    2. Construct a 95% confidence interval estimation for µ. Interpret.
    3. Construct a 95% confidence interval estimation for σ. Interpret.
    4. What assumptions do you need to make about the population so that the

confidence intervals given in (b) and (c) are valid?

Solutions

Expert Solution

d. The assumptions needed to construct this confidence intervals are

1. The selected samples should be randomly and independently selected.

2. The samples should be approximately normally distributed.


Related Solutions

A study wants to compare the percentage of Facebook users between males and females in a...
A study wants to compare the percentage of Facebook users between males and females in a county. A sample of 95 males shows that 46 of them use Facebook. A sample of 90 females shows that 48 of them use Facebook. (a) What are the populations? (b) At α = 0.01 level of significance, is there evidence that the two population proportions are different? (c) Identify the type of error for your conclusion. If it is type I error, find...
The file Mobile Commerce contains the following mobile commerce penetration values, the percentage of the country population that bought something online via a mobile phone in the past month
The file Mobile Commerce contains the following mobile commerce penetration values, the percentage of the country population that bought something online via a mobile phone in the past month, for twenty-eight of the world’s economies: 17 15 15 13 27 12 20 23 9 9 16 6 19 14 11 14 8 15 23 11 37 17 11 19 27 18 18 15 a. Compute the first quartile, the third quartile and interquartile range b. List the five number summary
When seeking sales growth by acquiring existing category users from their competitors, what is the market penetration share percentage for Company D?
Five brands are competing in the market.Company A has 35,000 units sold at $5.00/unit. It sold to 7,000 households in market size of 84,000.Company B has 12,000 units sold and revenues of $54,000 for these units. It sold to 3,000 households in market size of 21,000.Company C has 14,000 units sold at $5.50/unit. The average household purchase was 2 units. Its market size of 105,000.Company D has 5,000 units sold at $6.00/unit. It sold to 833 households in market size...
Facebook recently examined all active Facebook users and determined that the average user has 183 Facebook...
Facebook recently examined all active Facebook users and determined that the average user has 183 Facebook friends. Suppose that the population of number of Facebook friends of a randomly selected user has a standard deviation of σ = 241. Facebook draws a SRS of 250 Facebook users. What is the probability that the average number of Facebook friends is less than 175? Apply the Central Limit Theorem. Caution: do not round at your intermediate steps. Hint: you may need to...
A researcher is conducting a study on numbers of Facebook users. Suppose Facebook reports that, based...
A researcher is conducting a study on numbers of Facebook users. Suppose Facebook reports that, based on user data from the provided 32 countries, the mean number of Facebook users is about 24,000,000 per country. Use a t-test in Minitab to determine whether or not the data provided yields a statistically significant result. A. Go to Stat->Basic Statistics->1-Sample t… and after selecting the proper variable, perform a hypothesis test with a hypothesized mean equivalent to what Facebook reports. Make sure...
A researcher is conducting a study on numbers of Facebook users. Suppose Facebook reports that, based...
A researcher is conducting a study on numbers of Facebook users. Suppose Facebook reports that, based on user data from the provided 32 countries, the mean number of Facebook users is about 24,000,000 per country. Use a t-test in Minitab to determine whether or not the data provided yields a statistically significant result. A. Go to Stat->Basic Statistics->1-Sample t… and after selecting the proper variable, perform a hypothesis test with a hypothesized mean equivalent to what Facebook reports. Make sure...
Facebook breach resulted in the exposure of 87 million users and led to election meddling Facebook...
Facebook breach resulted in the exposure of 87 million users and led to election meddling Facebook storing users’ passwords in unencrypted format 500 million guests’ data was exposed by Marriott hotels Using the above examples, and others answer the following questions: What factors within these organizations led to the loss/exposure of private information? Think about technical, people, and process factors What are the consequences of the breaches on business and people? What is the effect of big data and analytics...
The social media industry is highly monopolistic with Facebook, users provide Facebook (and 3rd-party companies) with...
The social media industry is highly monopolistic with Facebook, users provide Facebook (and 3rd-party companies) with huge amounts of data in exchange for access to the platform. provides Facebook’s algorithms with a clear picture of your preferences or demand for certain goods/services. Technological underperformance is a welfare cost associated with monopolies. For companies such as Facebook, innovation would be minimal due to lack of competition. a) From Industry perspective, please give some ideas to argue that the market doesn't work...
1. (15 pts) The following data show the percentage change in population for the 50 states...
1. (15 pts) The following data show the percentage change in population for the 50 states and the District of Columbia from 2000 to 2009. State Percent Change State Percent Change State Percent Change Alabama 5.9 Kentucky 6.7 North Dakota 0.7 Alaska 11.4 Louisiana 0.5 Ohio 1.7 Arizona 28.6 Maine 3.4 Oklahoma 6.9 Arkansas 8.1 Maryland 7.6 Oregon 11.8 California 9.1 Massachusetts 3.9 Pennsylvania 2.6 Colorado 16.8 Michigan 0.3 Rhode Island 0.5 Connecticut 3.3 Minnesota 7 South Carolina 13.7 Delaware...
Suppose the following data are selected randomly from a population of normally distributed values. According to...
Suppose the following data are selected randomly from a population of normally distributed values. According to the U.S. Bureau of Labor Statistics, the average weekly earnings of a production worker in July 2011 were $657.49. Suppose a labor researcher wants to test to determine whether this figure is still accurate today. The researcher randomly selects 56 production workers from across the United States and obtains a representative earnings statement for one week from each. The resulting sample average is $670.76....
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT