several years ago, the Gallup Organization conducted a random survey of 1018 adults aged 18 or older living in the United States and asked if you had $1000 to spend. Do you think investing it in the stock market would be a good idea? The Gallup study concluded that 54% of those surveyed said they thought investing in the stock. Market was a good idea. A statician would like to take a random sample of 200 of those 1018 adults and ask them the same question again to see if people change their minds over time. Based on the Gallup survey a statician specs that 54% of their sample will say that investing $1000  in the stock market would be a good idea give or take 2.1% find the chance as a percentage that institutions random sample 51% or more of them would say that investing $1000 in the stock market is a good idea write your answer as a percentage.

3. A Bloomberg Businessweek North American subscriber study collected data from a sample of 2861 sub-scribers. Fifty- nine percent of the respondents indicated an annual income of $ 75,000 or more, and 50% reported having an American Express credit card. a. What is the population of interest in this study? b. Is annual income a categorical or quantitative variable? c. Is ownership of an American Express card a categorical or quantitative variable? d. Does this study involve cross- sectional or time series data? e. Describe any statistical inferences Bloomberg Businessweek might make on the basis of the survey. 4. Table 1.8 shows a data set containing information for 25 of the shadow stocks tracked by the American Association of Individual Investors. Shadow stocks are common stocks of smaller companies that are not closely followed by Wall Street analysts. The data set is also on the website that accompanies the text in the file named Shadow02. a. How many variables are in the data set?…

Among college students, the proportion p who say they're interested in their congressional district's election results has traditionally been 65%. After a series of debates on campuses, a political scientist claims that the proportion of college students who say they're interested in their district's election results is more than 65%. A poll is commissioned, and 199 out of a random sample of 275 college students say they're interested in their district's election results. Is there enough evidence to support the political scientist's claim at the 0.01 level of significance? Perform a one-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places. (If necessary, consult a list of formulas.) (a) State the null hypothesis Ho and the alternative hypothesis H₁. H₁ :0 H₁ :0 (b) Determine the type of test statistic to use. (Choose one) ▼ (c) Find the value of the test statistic. (Round to three or more decimal places.) 0 (d) Find the…

A question in a poll taken in 2007 asked, "Do you think the penalties for underage drinking should be made more strict, less strict, or remain the same?" The sample proportion that responded "more strict" was 0.61 (61%). This result will be used to estimate the proportion of all adults in the United States who think that penalties for underage drinking should be more strict. The sample consisted of n = 500 randomly selected adults in the United States Calculate a 95% confidence interval that estimates the population proportion who think that penalties for underage drinking should be more strict. (Round your answers to three decimal places.)