Question

In: Statistics and Probability

A marketing director of a soft drink company wants to know what proportion of its potential...

A marketing director of a soft drink company wants to know what proportion of its potential U.S. customers have heard of a new brand. The company has access to a database with the mobile phone numbers of 10,000 U.S. college students. The director’s assistant asks a simple random sample of 50 students from this database whether they heard of the new soft drink brand, and constructs the sample proportion. 1 (a) What is the target population? (b) What is the sampled population? (c) Will the sample proportion be unbiased for the proportion in the sampled population? Explain. (d) Will the sample proportion be unbiased for the proportion in the target population? Explain.

Solutions

Expert Solution

1 (a) Target Population:

Ans : U.S. Population

As the marketing director of a soft drink company wants to know what proportion of its potential U.S. customers have heard of a new brand

(b) What is the sampled population?

Ans : 10,000 U.S. college students

As the sample is taken  from 10,000 U.S. college students

(c)

(c) Will the sample proportion be unbiased for the proportion in the sampled population? Explain

Yes. As the this sample is a simple random sample taken from the population of from 10,000 U.S. college students: the sampled population ;

So this sample represents the the sampled population ;

So, the sample proportion is a unbiased for the proportion in the sampled population.

(d) Will the sample proportion be unbiased for the proportion in the target population

No. this sample is a simple random sample taken from the population of from 10,000 U.S. college students. And this sample does not represent target population which is the entire US population.

Hence the sample proportion will be a biased for the proportion in the target population


Related Solutions

The marketing director for a cereal company would like to know what proportion of households that...
The marketing director for a cereal company would like to know what proportion of households that receive free samples of cereal with their newspapers later purchase the cereal. A random sample showed 55 out of 100 purchased the cereal after receiving the free sample. Find a 95% confidence interval for the true proportion.
A market research consultant hired by a leading soft-drink company wants to determine the proportion of...
A market research consultant hired by a leading soft-drink company wants to determine the proportion of consumers who favor its low-calorie drink over the leading competitor's low-calorie drink in a particular urban location. A random sample of 250 consumers from the market under investigation is provided in the file P08_17.xlsx. a. Calculate a 95% confidence interval for the proportion of all consumers in this market who prefer this company's drink over the competitor's. Round your answers to three decimal places,...
9. A company wants to know if the proportion of consumers in Houston that recognizes its...
9. A company wants to know if the proportion of consumers in Houston that recognizes its brand name is higher than the proportion of consumers in Austin that recognizes its brand name. In a random sample of consumers in Houston, 446 out of 705 consumers recognized the company’s brand name. In a random sample of consumers in Austin, 411 out of 715 consumers recognized the company’s brand name. Make Houston group 1 and make Austin group 2. (a) What is...
9. A company wants to know if the proportion of consumers in Houston that recognizes its...
9. A company wants to know if the proportion of consumers in Houston that recognizes its brand name is higher than the proportion of consumers in Austin that recognizes its brand name. In a random sample of consumers in Houston, 406 out of 567 consumers recognized the company’s brand name. In a random sample of consumers in Austin, 423 out of 644 consumers recognized the company’s brand name. Make Houston group 1 and make Austin group 2. (a) What is...
A soft drink manufacturer wishes to know how many soft drinks teenagers drink each week. They...
A soft drink manufacturer wishes to know how many soft drinks teenagers drink each week. They want to construct a 90% confidence interval with an error of no more than 0.07. A consultant has informed them that a previous study found the mean to be 5.6 soft drinks per week and found the standard deviation to be 1.4. What is the minimum sample size required to create the specified confidence interval? Round your answer up to the next integer.
1.     The produce of a soft drink wants to identify the average age of its consumers. A...
1.     The produce of a soft drink wants to identify the average age of its consumers. A sample of 55 consumers was taken. The average age in the sample was 21 years with a standard deviation of 4 years.   A.   Calculate the margin of error for a 95% confidence interval for the average age of the company’s consumers. [2 marks]   B.    Calculate a 95% confidence interval for the average age of the company’s consumers. [2 marks] C.    Carefully interpret in your words the 95%...
Marketing again wants to know the proportion of people willing to pay for shipping on “free”...
Marketing again wants to know the proportion of people willing to pay for shipping on “free” products with their advertisement. They took a sample of 525 individuals and found that 345 of them were willing to pay for shipping on a “free” product. Using this information, marketing has asked if the true proportion of people who appeal to the ad is greater than 78%. Z Test of Hypothesis for the Proportion Data Null Hypothesis            p = 0.78 Level of Significance...
A soft drink company has recently received customer complaints about its one-liter-sized soft drink products. Customers...
A soft drink company has recently received customer complaints about its one-liter-sized soft drink products. Customers have been claiming that the one-liter-sized products contain less than one liter of soft drink. The company has decided to investigate the problem. According to the company records, when there is no malfunctioning in the beverage dispensing unit, the bottles contain 1.02 liters of beverage on average, with a standard deviation of 0.15 liters. A sample of 70 bottles has been taken to be...
Management of a soft-drink bottling company wants to develop a method for allocating delivery costs to...
Management of a soft-drink bottling company wants to develop a method for allocating delivery costs to customers. Although one cost clearly relates to travel time within a particular route, another cost variable reflects the time required to unload the cases of soft drink at the delivery point. A sample of 20 deliveries within a territory was selected. The delivery times (in minutes) and the number of cases delivered were recorded in the file below. Customer Number of cases Delivery Time...
Management of a soft-drink bottling company wants to develop a method for allocating delivery costs to...
Management of a soft-drink bottling company wants to develop a method for allocating delivery costs to customers. Although one cost clearly relates to travel times within a particular route, another variable cost reflects the time required to unload the cases of soft drink at the delivery point. A sample of 20 deliveries within a territory was selected. The delivery time and the number of cases delivered were recorded. Develop a regression model to predict delivery time based on the number...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT