A university planner is interested in determining the percentage of spring semester students who will attend summer school. She takes a pilot sample of 160 spring semester students discovering that 56 will return to summer school
a. Construct a 95% confidence interval estimate for the percentage of spring semester students who will return to summer school.
b. Using the results of the pilot study with a .95 probability, how large of a sample would have to be taken to provide a margin of error of 3% or less?
a. .276 to .424 (rounded)
b. 972
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If a bank has assets with the same time to maturity as its liabilities, then
A. the interest rate on assets changes faster than the interest rate on liabilities. B. the interest rate on liabilities changes faster than the interest rate on assets. C. changes in interest rates will not affect the bank's overall portfolio. D. changes in interest rates puts the bank at a high risk of default.
Managers at Lucky Peach magazine are in the process of cross training entry-level employees to be able to take phone orders or answer customer questions, and to process orders in overflow situations. The company is changing its
A. people. B. skills. C. technology. D. attitudes. E. structure.
Which promotional technique is best suited to a situation in which a company wants consumers to actually try its product or service at no cost?
A) sampling B) sweepstakes C) couponing D) free-standing inserts E) personal selling
Exhibit 15-6 On January 1, 2016, 50 executives were given a performance-based share option plan that would award them with a maximum of 300 shares of $10 par common stock for $20 a share. On the grant date, the fair value of an option was $16.50. The number of options that will vest depends on the size of the annual average increase in sales over the next three years according to the following
table: Annual Average Increase in Sales No. of Shares Greater than 5% 50 Greater than 10% 150 Greater than 15% 300 On the grant date, the company estimates the annual average sales increase will be 14%. ? Refer to Exhibit 15-6. The estimated total compensation cost will be A) $55,000. B) $123,750. C) $27,500. D) $247,500.