Question

In: Statistics and Probability

An investment website can tell what devices are used to access the site. The site managers...

An investment website can tell what devices are used to access the site. The site managers wonder whether they should enhance the facilities for trading via​ "smart phones", so they want to estimate the proportion of users who access the site that way​ (even if they also use their computers​ sometimes). They draw a random sample of

200200

investors from their customers. Suppose that the true proportion of smart phone users is

3737​%.

​a) What would the standard deviation of the sampling distribution of the proportion of the smart phone users​ be?

. 034.034

​(Round to three decimal places as​ needed.)

​b) What is the probability that the sample proportion of smart phone users is greater than

0.370.37​?

. 5.5

​(Round to three decimal places as​ needed.)

​c) What is the probability that the sample proportion is between

0.320.32

and

0.420.42​?

. 858.858

​(Round to three decimal places as​ needed.)

​d) What is the probability that the sample proportion is less than

0.300.30​?

. 02.02

​(Round to three decimal places as​ needed.)

​e) What is the probability that the sample proportion is greater than

0.440.44​?

______

​(Round to three decimal places as​ needed.)

Solutions

Expert Solution

n=200 is the sample size

p=0.37 is the true proportion of smart phone users.

a) the standard deviation (also called the standard error) of the sampling distribution of the proportion of the smart phone users​ is

ans: the standard deviation (also called the standard error) of the sampling distribution of the proportion of the smart phone users​ is 0.034

Let indicate the sample proportion of smartphone users for a sample of size, n=200.

We can see that both

are greater than 5. That means using the central limit theorem, we can say that is normally distributed with mean and standard deviation

b) The probability that the sample proportion of smart phone users is greater than 0.37​ is

ans: The probability that the sample proportion of smart phone users is greater than 0.37​ is 0.50

c) The probability that the sample proportion is between 0.32 and 0.42 is

ans: The probability that the sample proportion is between 0.32 and 0.42 is 0.858

​d) The probability that the sample proportion is less than 0.30​ is

ans: The probability that the sample proportion is less than 0.30​ is 0.020

​e) The probability that the sample proportion is greater than 0.44​ is

ans:The probability that the sample proportion is greater than 0.44​ is 0.020


Related Solutions

An investment website can tell what devices are used to access the site. The site managers...
An investment website can tell what devices are used to access the site. The site managers wonder whether they should enhance the facilities for trading via​ "smart phones", so they want to estimate the proportion of users who access the site that way​ (even if they also use their computers​ sometimes). They draw a random sample of 200200 investors from their customers. Suppose that the true proportion of smart phone users is 3737​%. ​a) What would the standard deviation of...
An investment website can tell what devices are used to access the site. The site managers...
An investment website can tell what devices are used to access the site. The site managers wonder whether they should enhance the facilities for trading via smartphones so they want to estimate the proportion of users who access the site using smartphones. They draw a random sample of 200 investors from their customers. Suppose that the true proportion of smartphone users is 36%. What would you expect the shape of the sampling distribution for the sample proportion to be? What...
A website that sells movie tickets can tell what devices are used to access their site...
A website that sells movie tickets can tell what devices are used to access their site and make purchases. The manager of the website is approached by members of a movie production company who want to partner in the development of a phone app. To estimate what proportion of ticket buyers make purchases using their smart phones, 400 users of the website were randomly sampled from the existing database and 180 were found to have used their smart phones.   ...
Access the Know the Stroke (Links to an external site.) website and review the information on...
Access the Know the Stroke (Links to an external site.) website and review the information on post stroke rehabilitation. Then, in your post identify 2 adaptations that would need to be considered in developing an educational plan for a patient with a stroke. In your posting, all citations need to be in APA Format. No response is required for this post, however, you are responsible for reading other student’s posting and knowing the content in the module.
Access the website for the American Diabetes Association at www.diabetes.org (Links to an external site.) (Links...
Access the website for the American Diabetes Association at www.diabetes.org (Links to an external site.) (Links to an external site.)Take the Are You at Risk? test, found at http://www.diabetes.org/are-you-at-risk/diabetes-risk-test/.   (Links to an external site.) Are you at risk? Were the results of the test a surprise to you? Next, take the test for a 44 year old male with a family history of diabetes, 5'10" tall and 210 pounds, and sedentary. What was his score? What factors put him at...
What is name of devices that can be used to reduce the usage of water. What...
What is name of devices that can be used to reduce the usage of water. What are the name of the equipments that can be used to replace those A.showerhead B.Tiolet - low flush toilet for example C. Faucets
You can access the Santam Group website and also have a look at their subsidiaries or...
You can access the Santam Group website and also have a look at their subsidiaries or business units like MiWy Insurance, Santam RE, Santam Personal, Santam Specialists, Santam Commercial Question A company pursuing a differentiation strategy strives to create a product or service that customers perceive as being different in some important way. Customers need to believe that the product or service offered has differentiated qualities that are worth paying a premium price for. Provide practical strategic recommendations for how...
What do surveys tell us about the method of investment appraisal used by business ?
What do surveys tell us about the method of investment appraisal used by business ?
What is meant by "scenario planning"? How can this method be used by managers as they...
What is meant by "scenario planning"? How can this method be used by managers as they formulate strategy?
Which protocol layer defines the process by which LAN devices can access the shared medium?
  Which protocol layer defines the process by which LAN devices can access the shared medium?     a. MAC     b. LLC     c. physical layer     d. IP Select the correct statement(s) regarding the use of DSSS and OFDM on IEEE 802.11 WLANs.     a. DSSS and OFDM are more spectrally efficient than traditional FDM     b. DSSS and OFDM are both spread spectrum techniques that are easy to implement and less complicated...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT