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Will someone please, please help me solve these problems please. I desperately need your help Thanks?

Will someone please, please help me solve these statistics problems. I desperately need your help Thanks?

2. You are working for your favorite candidate and must arrange a random sample of citizens ....

so that they can be polled for their interest in the position of your candidate.

If you want an error rate of 2% and wish to be 95% confident about the result of this sampling activity...

what should the size of your sample be ?

3. You are to determine the average wait time in the checkout line at the store where you work.

You decide to establish a sample of wait times .. but need to know how many wait times to include in the sample. The last time you conducted this test ... the standard deviation of the wait time was 5 minutes.

You want your estimate to have a error of no more than 1 minute and you wish to use a 95% confidence interval. what should the size of your sample be ?

4. You are working for a local tire manufacturer.

You have been asked to show that the tires manufactured

have an average life of 50,000 miles or more.

What should your null and alternate hypothesis be?

Please show your calculations, so I will understand how to solve problems of this nature. Thanks in advance I really needs someone to help me on these.

1 Answer

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  • M
    Lv 7
    1 decade ago
    Favorite Answer

    2. ANSWER: 95% Level of Confidence SAMPLE SIZE = 2401

    Why???

    CHOOSING THE SAMPLE SIZE, POPULATION PROPORTION

    π: POPULATION PROPORTION = 50

    (50% - assumption)

    B: SPECIFIED BOUND ON THE ERROR = 0.02

    significant digits = 2

    Level of Confidence = 95

    'z critical value' from Look-up Table for 95% = 1.96

    FORMULA FOR COMPUTATION OF SAMPLE SIZE:

    B = 'z critical value' * SQRT [ π * (1 - π )/n]

    Algebraically solve for SAMPLE SIZE n :

    n = π * (1 - π) * [ 'z critical value' / B ]² = 0.5 * (1 - 0.5) * [ 1.96 / 0.02 ]²

    SAMPLE SIZE = 2401

    The Table for Standard Normal Distribution is organized as a cummulative 'area' from the LEFT corresponding to a 'z critical value'. The Standard Normal Distribution is also symmetric (called a 'Bell Curve') which means its an interpretive procedure to Look-Up the 'area' from the Table. For Level of Confidence = 95 the Look-Up 'z critical value' = -1.96 which corresponds to the 'area' from the LEFT outside of the Level of Confidence.

    And since the Table for Standard Normal Distribution is symmetric, the 'area' from the LEFT is one-half outside of the Level of Confidence. There is also another one-half from the RIGHT as well. For the purpose of solving this question, the Look-Up 'z critical value' from the LEFT is satisfactory.

    Alternatively; use Excel NORMSINV(probability) = NORMSINV ( 0.5*( 1 - 95 / 100 )))

    3. ANSWER: Sample Size = 97 for 95% level of confidence

    Why???

    SMALL SAMPLE, LEVEL OF CONFIDENCE, NORMAL POPULATION DISTRIBUTION

    Margin of Error (half of confidence interval) = 1

    The margin of error is defined as the "radius" (or half the width) of a confidence interval for a particular statistic.

    Level of Confidence = 95

    σ: population standard deviation = 5

    ('z critical value') from Look-up Table for 95% = 1.96

    The Look-up in the Table for the Standard Normal Distribution utilizes the Table's cummulative 'area' feature. The Table shows positve and negative values of ('z critical') but since the Standard Normal Distribution is symmetric, only the magnitude of ('z critical') is important.

    For a Level of Confidence = 95% the corresponding LEFT 'area' = 0.48. And due to Table's symmetric nature, the corresponding RIGHT 'area' = 0.48 The ('z critical') value Look-up is 1.96

    significant digits = 2

    Margin of Error = ('z critical value') * σ/SQRT(n)

    n = Sample Size

    Algebraic solution for n:

    n = [('z critical value') * σ/Margin of Error]²

    = [ (1.96 * 5)/1 ]²

    Sample Size = 97 for 95% level of confidence

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