Question

In: Statistics and Probability

(1) A study reported that 55% of Americans say parents are doing too much for their...

(1) A study reported that 55% of Americans say parents are doing too much for their young adult children these days. The smallest sample size for which the sampling distribution of sample proportion is approximately normal is ( ) . (Your answer must be an integer.)

(2)To estimate the average income among all U.S. workers, we obtain a simple random sample of 1000 U.S. workers and calculate their average income. Then, we should

(I) conclude that the average income among all U.S. workers is the value we calculated.

(II) compute a confidence interval for the average income of all U.S. workers.

(III) perform a test of significance to see if the sample data are reliable.

A. (I) only B. (II) only C. (III) only D. (I) and (II) only E. (I) and (III) only F. (II) and (III) only

Solutions

Expert Solution

(1) A study reported that 55% of Americans say parents are doing too much for their young adult children these days. The smallest sample size for which the sampling distribution of sample proportion is approximately normal is ( )

Given p = 55% = 0.55

For the approximation to the normal

(2)To estimate the average income among all U.S. workers, we obtain a simple random sample of 1000 U.S. workers and calculate their average income. Then, we should

Once obtained sample the hypothesis test and confidence interval are necessary to obtain

(II) compute a confidence interval for the average income of all U.S. workers.

(III) perform a test of significance to see if the sample data are reliable.

The correct answer is:

F. (II) and (III) only


Related Solutions

1.) It is reported that 61% of Americans feel that the president is doing an acceptable...
1.) It is reported that 61% of Americans feel that the president is doing an acceptable job. A random sample of 100 people is taken. What is the probability that the proportion of Americans in the sample feel that the president is doing an acceptable job is less than 0.5? Correct answer: 0.0121 Explain how to get to the answer above. 2.) A telephone poll of 1000 adult Americans was reported in an issue of Time Magazine. One of the...
A 2016 study done in Germany was doing research on parents and wanted to determine the...
A 2016 study done in Germany was doing research on parents and wanted to determine the percent of parents that regret having children. To do so, they randomly selected 400 parents and found that 36 of them regret having children. Construct and interpret a 99% confidence interval for the proportion of parents that regret having children. Round your answers to two decimal places.
A headline read, “More than half of Americans Say Federal Taxes Too High.” The headline was...
A headline read, “More than half of Americans Say Federal Taxes Too High.” The headline was based on a random sample of 1026 adult Americans in which 534 stated the amount of federal tax they have to pay is too high. a. State the null and alternative hypotheses. b. Check whether np0(1-p0) is greater or equal to 10. c. Manually calculate the test statistic. d. Find p-value.
Managers say that holding too much inventory is "evil". Please explain why. Examples and detail please.
Managers say that holding too much inventory is "evil". Please explain why. Examples and detail please.
Dr. M is doing a secret study to see how much anxiety affects performance in a...
Dr. M is doing a secret study to see how much anxiety affects performance in a statistics class. He treats two sections of statistics students exactly the same except that one section is taught progressive relaxation skills. It is Dr. M’s hypothesis that these skills will reduce anxiety and thus improve academic performance as measured by the students’ final grades in the course. What is Dr. M’s independent variable? What is Dr. M’s null hypothesis? What is Dr. M’s experimental...
Case Study: Nutrition & Metabolism Worldwide, the incidence of obesity, defined as have too much body...
Case Study: Nutrition & Metabolism Worldwide, the incidence of obesity, defined as have too much body fat, has more than doubled since 1980. The United States has the largest rate of obesity with nearly 36% of American being obese. Obese is defined as having a body mass index greater than or equal to 30. Obesity greatly increases risks for a number of diseases such as type 2 Diabetes Mellitus, cardiovascular diseases, bone and joint issues, and even some cancers. Many...
Find one website taking the position that government contributed to Great Recession by doing too much (deposit insurance, the CRA program)
Find one website taking the position that government contributed to Great Recession by doing too much (deposit insurance, the CRA program) and one that government did too little (deregulation or lack of adequate regulation to begin with). Describe each site.
1. A nutritionist claims that the percentage of people that get too much sodium in their...
1. A nutritionist claims that the percentage of people that get too much sodium in their diet is greater than 60% and decides to test this assertion by computing the proportion for a random sample. The data results in a test statistic of z = 2.96 and a Pvalue of .0015 a. State the hypotheses for their test. b. Briefly describe what the P-value is. c. Using the test statistic, how was the P-value found? d. Based on the P-value...
1. Critics of HMO’s say that : a) HMO members have too many choices of doctors...
1. Critics of HMO’s say that : a) HMO members have too many choices of doctors they can use and service they can receive. b) HMO doctors waste money because they have no incentive to control costs c) The 10 % deductible required for every producer is cost prohibitive for most citizens d) None of the above 2. Granny Mayberry ‘s health insurance policy has a $500 annual aggregate deductible, 80/20 cost sharing deductible, and a $ 5000 maximum annual...
1. In much of life we hear of the relationship of cost to benefit, so too...
1. In much of life we hear of the relationship of cost to benefit, so too does it exist in accounting. In the conceptual framework, the cost-benefit relationship is referred to as the pervasive constraint. This means that the benefits to be derived from providing certain accounting information should exceed the costs of providing that information. Discuss the difficulty in applying this constraint to accounting information.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT