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11 . What is the degrees of freedom ( df ) for this study?

12 . For a two-tailed 95% confidence interval, what is the appropriate t -value to use in the formula?

13 . What is the 95% confidence interval?

14 . What is the 99% confidence interval? Round to two decimal places.

15 . Suppose your sample size had been 30 rather than 20. What would the 95% confidence interval be then? Round to two decimal places

8.3: confidence interval for a population proportion

Use this information to answer the next four exercises. You conduct a poll of 500 randomly selected city residents, asking them if they own an automobile. 280 say they do own an automobile, and 220 say they do not.

16 . Find the sample proportion and sample standard deviation for this data.

17 . What is the 95% two-sided confidence interval? Round to four decimal places.

18 . Calculate the 90% confidence interval. Round to four decimal places.

19 . Calculate the 99% confidence interval. Round to four decimal places.

Use the following information to answer the next three exercises. You are planning to conduct a poll of community members age 65 and older, to determine how many own mobile phones. You want to produce an estimate whose 95% confidence interval will be within four percentage points (plus or minus) the true population proportion. Use an estimated population proportion of 0.5.

20 . What sample size do you need?

21 . Suppose you knew from prior research that the population proportion was 0.6. What sample size would you need?

22 . Suppose you wanted a 95% confidence interval within three percentage points of the population. Assume the population proportion is 0.5. What sample size do you need?

9.1: null and alternate hypotheses

23 . In your state, 58 percent of registered voters in a community are registered as Republicans. You want to conduct a study to see if this also holds up in your community. State the null and alternative hypotheses to test this.

24 . You believe that at least 58 percent of registered voters in a community are registered as Republicans. State the null and alternative hypotheses to test this.

25 . The mean household value in a city is $268,000. You believe that the mean household value in a particular neighborhood is lower than the city average. Write the null and alternative hypotheses to test this.

26 . State the appropriate alternative hypothesis to this null hypothesis: H 0 : μ = 107

27 . State the appropriate alternative hypothesis to this null hypothesis: H 0 : p <0.25

9.2: outcomes and the type i and type ii errors

28 . If you reject H 0 when H 0 is correct, what type of error is this?

29 . If you fail to reject H 0 when H 0 is false, what type of error is this?

30 . What is the relationship between the Type II error and the power of a test?

31 . A new blood test is being developed to screen patients for cancer. Positive results are followed up by a more accurate (and expensive) test. It is assumed that the patient does not have cancer. Describe the null hypothesis, the Type I and Type II errors for this situation, and explain which type of error is more serious.

Questions & Answers

What is inflation
Bright Reply
a general and ongoing rise in the level of prices in an economy
AI-Robot
What are the factors that affect demand for a commodity
Florence Reply
price
Kenu
differentiate between demand and supply giving examples
Lambiv Reply
differentiated between demand and supply using examples
Lambiv
what is labour ?
Lambiv
how will I do?
Venny Reply
how is the graph works?I don't fully understand
Rezat Reply
information
Eliyee
devaluation
Eliyee
t
WARKISA
hi guys good evening to all
Lambiv
multiple choice question
Aster Reply
appreciation
Eliyee
explain perfect market
Lindiwe Reply
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
What is ceteris paribus?
Shukri Reply
other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline. Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
yes,thank you
Shukri
Can I ask you other question?
Shukri
what is monopoly mean?
Habtamu Reply
What is different between quantity demand and demand?
Shukri Reply
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
ok
Shukri
how do you save a country economic situation when it's falling apart
Lilia Reply
what is the difference between economic growth and development
Fiker Reply
Economic growth as an increase in the production and consumption of goods and services within an economy.but Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
Abdisa Reply
any question about economics?
Awais Reply
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
thank you so much 👍 sir
Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50. A,Calculate quantities of x and y which maximize utility. B,Calculate value of Lagrange multiplier. C,Calculate quantities of X and Y consumed with a given price. D,alculate optimum level of output .
Feyisa Reply
Answer
Feyisa
c
Jabir
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Source:  OpenStax, Introductory statistics. OpenStax CNX. May 06, 2016 Download for free at http://legacy.cnx.org/content/col11562/1.18
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