MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
expand_more
expand_more
format_list_bulleted
Concept explainers
Topic Video
Question
Based on historical data, your manager believes that 32% of the company's orders come from first-time customers. A random sample of 89 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is between 0.26 and 0.45?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution
Trending nowThis is a popular solution!
Step by stepSolved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- A direct mail company wishes to estimate the proportion of people on a large mailing list that will purchase a product. Suppose the true proportion is 0.06. If 224 are sampled, what is the probability that the sample proportion will be less than 0.05? Round your answer to four decimal places.arrow_forwardBased on historical data, your manager believes that 27% of the company's orders come from first-time customers. A random sample of 144 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is between 0.21 and 0.41? (Enter your answer as a number accurate to 4 decimal places.)arrow_forwardIn a recent year, the Better Business Bureau settled 75% of complaints they received. You have been hired by the Bureau to investigate complaints this year involving computer stores. You plan to select a random sample of complaints to estimate the proportion of complaints the Bureau is able to settle. Suppose your sample size is 134. What is the probability that the sample proportion will be at most 3 percent more than the population proportion? (Enter your answer as a number accurate to 4 decimal places.)arrow_forward
- Based on historical data, your manager believes that 39% of the company's orders come from first-time customers. A random sample of 212 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is between 0.22 and 0.42?arrow_forwardBased on historical data, your manager believes that 25% of the company's orders come from first-time customers. A random sample of 133 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is less than 0.32?Answer = (Enter your answer as a number accurate to 4 decimal places.)arrow_forwardIn a recent year, the Better Business Bureau settled 75% of complaints they received. You have been hired by the Bureau to investigate complaints this year involving computer stores. You plan to select a random sample of complaints to estimate the proportion of complaints the Bureau is able to settle. Suppose your sample size is 141. What is the probability that the sample proportion will be at most 4 percent more than the population proportion? (Enter your answer as a number accurate to 4 decimal places.)arrow_forward
- Jenny works for a local brewing company. She and her team mates try to estimate the Hong Kong consumers’ preference on their beer brand compared to other imported ones. They performed a survey asking if the respondent prefers the company’s brand the most or not. Based on this survey result, they want to decide how much money the company needs to invest on brand promotions in the coming year. This is an important decision for the company, and the management wants to have the probability that the sample proportion p is +/- 3% from the actual proportion p to be very high (i.e., at least 99%). In this case, what is the desirable sample size n for the following two cases? Give the answer in the form of: at least ___ x100 samples. Case i. When the actual proportion is 50%. Case ii. When the actual proportion is 10%. Explain why the sample sizes required to achieve the same accuracy in the two cases are different.arrow_forwardBased on historical data, your manager believes that 34% of the company's orders come from first-time customers. A random sample of 168 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is between 0.28 and 0.41? (Enter your answer as a number accurate to 4 decimal places.)arrow_forwardBased on historical data, your manager believes that 29% of the company's orders come from first-time customers. A random sample of 147 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is less than 0.33?Answer = (Enter your answer as a number accurate to 4 decimal places.)arrow_forward
- Based on historical data, your manager believes that 26% of the company's orders come from first-time customers. A random sample of 146 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is between 0.28 and 0.46?arrow_forwardBased on historical data, your manager believes that 34% of the company's orders come from first-time customers. A random sample of 175 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is less than 0.33?arrow_forwardAccording to the Disney Times, 37% of all people in NeverNeverLand are digitally illiterate. Suppose you randomly select eleven people off a city street. Make a probability distribution of the number of digitally illiterate people out of the eleven in the sample. Make a histogram showing the probability distribution of the number of digitally illiterate people out of the eleven people in the sample. Find the mean and standard deviation of the probability distribution. Find the probability of out of eleven people, at least 5 are digitally illiterate. Find the probability of out of eleven people, at most 8 are digitally illiterate. Find the probability of out of eleven people, between 6 and 9, inclusive, are digitally illiterate.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- MATLAB: An Introduction with ApplicationsStatisticsISBN:9781119256830Author:Amos GilatPublisher:John Wiley & Sons IncProbability and Statistics for Engineering and th...StatisticsISBN:9781305251809Author:Jay L. DevorePublisher:Cengage LearningStatistics for The Behavioral Sciences (MindTap C...StatisticsISBN:9781305504912Author:Frederick J Gravetter, Larry B. WallnauPublisher:Cengage Learning
- Elementary Statistics: Picturing the World (7th E...StatisticsISBN:9780134683416Author:Ron Larson, Betsy FarberPublisher:PEARSONThe Basic Practice of StatisticsStatisticsISBN:9781319042578Author:David S. Moore, William I. Notz, Michael A. FlignerPublisher:W. H. FreemanIntroduction to the Practice of StatisticsStatisticsISBN:9781319013387Author:David S. Moore, George P. McCabe, Bruce A. CraigPublisher:W. H. Freeman
MATLAB: An Introduction with Applications
Statistics
ISBN:9781119256830
Author:Amos Gilat
Publisher:John Wiley & Sons Inc
Probability and Statistics for Engineering and th...
Statistics
ISBN:9781305251809
Author:Jay L. Devore
Publisher:Cengage Learning
Statistics for The Behavioral Sciences (MindTap C...
Statistics
ISBN:9781305504912
Author:Frederick J Gravetter, Larry B. Wallnau
Publisher:Cengage Learning
Elementary Statistics: Picturing the World (7th E...
Statistics
ISBN:9780134683416
Author:Ron Larson, Betsy Farber
Publisher:PEARSON
The Basic Practice of Statistics
Statistics
ISBN:9781319042578
Author:David S. Moore, William I. Notz, Michael A. Fligner
Publisher:W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:9781319013387
Author:David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:W. H. Freeman