Question
In: Statistics and Probability
An institute reported that 61% of its members indicate that lack of ethical culture within financial...
An institute reported that 61% of its members indicate that lack of ethical culture within financial firms has contributed most to the lack of trust in the financial industry. Suppose that you select a sample of 100 institute members. Complete parts (a) through (d) below.
a. What is the probability that the sample percentage indicating that lack of ethical culture within financial firms has contributed the most to the lack of trust in the financial industry will be between 58% and 62%?
(Type an integer or decimal rounded to four decimal places as needed.)
b. The probability is 80% that the sample percentage will be contained within what symmetrical limits of the population percentage?
The probability is 80% that the sample percentage will be contained above _ and below _
(Type integers or decimals rounded to one decimal place as needed.)
c. The probability is 91% that the sample percentage will be contained within what symmetrical limits of the population percentage?
The probability is 91% that the sample percentage will be contained above _ and below _
(Type integers or decimals rounded to one decimal place as needed.)
d. Suppose you selected a sample of 400 institute members. How does this change your answers in (a) through
(c)?
A.
An increase in sample size decreases the standard error, causing the value of the answer to part (a) to increase and the ranges in parts (b) and (c) to narrow.
Your answer is correct.
B.
An increase in sample size increases the standard error, causing the value of the answer to part (a) to increase and the ranges in parts (b) and (c) to widen.
C.
An increase in sample size decreases the standard error, causing the value of the answer to part (a) to decrease and the ranges in parts (b) and (c) to narrow.
D.
An increase in sample size increases the standard error, causing the value of the answer to part (a) to decrease and the ranges in parts (b) and (c) to widen.
Solutions
orchestra answered 1 year agoRelated Solutions
An institute reported that 6262% of its members indicate that lack of ethical culture within financial...
An institute reported that 63% of its members indicate that lack of ethical culture within financial...
An institute reported that 68% of its members indicate that lack of ethical culture within financial...
An institute reported that 63 % of its members indicate that lack of ethical culture within...
A company's corporate culture is not defined by its: a. values, business principles, and ethical standards...
Members of the financial community often allege that corporate managers “manage” their company’s reported accounting results....
What is the ethical behavior within firms in relation to financial management and provide two examples...
An Overview of Financial Management Please respond to the following: Examine ethical behavior within firms in...
An Overview of Financial Management Please respond to the following: Examine ethical behavior within firms in...
Examine ethical behavior within firms in relation to financial management. Provide two examples of companies that...
- typing one page about international equity and bond market.
- a block of mass 2.4 kg is sitting on a frictionless ramp with a spring at...
- Comfort Corporation manufactures and sells various types of chairs. The below are the costing details of...
- Netflix's stance on a 'Glocalised' approach to its marketing efforts. That is glocalised (mixure of global...
- "Although Europeans would come to dominate the New World, they could not have done so without...
- A well insulated nozzle with a 0.005 m2 inlet cross section at 15 MPa and 673...
- Assuming complete disassociation of electrolytes which of these aqueous solutions has the LOWEST freezing point (reminder...