Question

A random sample of size n = 101 is taken from a population of size N...

A random sample of size n = 101 is taken from a population of size N = 2,719 with a population proportion of p = 0.67. [You may find it useful to reference the z table.]

a-1. Is it necessary to apply the finite population correction factor?

  • Yes

  • No

a-2. Calculate the expected value and the standard error of the sample proportion. (Round "expected value" to 2 decimal places and "standard error" to 4 decimal places.)

b. What is the probability that the sample proportion is greater than 0.68? (Use rounded standard deviation. Round "z" value to 2 decimal places and final answer to 4 decimal places.)

Homework Answers

Answer #1

Note: P(z>a)=1-P(z<a)

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A random sample of size n = 52 is taken from a finite population of size...
A random sample of size n = 52 is taken from a finite population of size N = 515 with mean μ = 253 and variance σ2 = 398. [You may find it useful to reference the z table.] a-1. Is it necessary to apply the finite population correction factor? Yes No a-2. Calculate the expected value and the standard error of the sample mean.(Round “expected value” to a whole number and "standard error" to 4 decimal places.)
A random sample of size n = 186 is taken from a population of size N...
A random sample of size n = 186 is taken from a population of size N = 5,613 with mean μ = −65 and variance σ2 = 183. [You may find it useful to reference the z table.] a-1. Is it necessary to apply the finite population correction factor? Yes No a-2. Calculate the expected value and the standard error of the sample mean. (Negative values should be indicated by a minus sign. Round "standard error" to 2 decimal places.)...
A random sample of size n = 241 is taken from a population of size N...
A random sample of size n = 241 is taken from a population of size N = 5,588 with mean μ = −68 and variance σ2 = 183. [You may find it useful to reference the z table.] a-1. Is it necessary to apply the finite population correction factor? Yes No a-2. Calculate the expected value and the standard error of the sample mean. (Negative values should be indicated by a minus sign. Round "standard error" to 2 decimal places.)...
Suppose a random sample of size 50 is selected from a population with σ = 12....
Suppose a random sample of size 50 is selected from a population with σ = 12. Find the value of the standard error of the mean in each of the following cases. (Use the finite population correction factor if appropriate. Round your answers to two decimal places.) (a) The population size is infinite. (b) The population size is N = 50,000. (c) The population size is N = 5,000. (d) The population size is N = 500.
Suppose a random sample of size 60 is selected from a population with  = 12. Find the...
Suppose a random sample of size 60 is selected from a population with  = 12. Find the value of the standard error of the mean in each of the following cases (use the finite population correction factor if appropriate). The population size is infinite (to 2 decimals). The population size is N = 50,000 (to 2 decimals). The population size is N = 5,000 (to 2 decimals). The population size is N = 500 (to 2 decimals).
Suppose a random sample of size 45 is selected from a population with sigma= 12. Find...
Suppose a random sample of size 45 is selected from a population with sigma= 12. Find the value of the standard error of the mean in each of the following cases (use the finite population correction factor if appropriate). a. The population size is infinite (to 2 decimals). b. The population size is N = 50,000 (to 2 decimals). c. The population size is N = 5000 (to 2 decimals). d. The population size is N = 500 (to 2...
15. Random samples of size 81 are taken from an infinite population whose mean and standard...
15. Random samples of size 81 are taken from an infinite population whose mean and standard deviation are 200 and 18, respectively. The distribution of the population is unknown. The mean and the standard error of the mean are (assuming infinite population) a. 200 and 18 b. 81 and 18 c. 9 and 2 d. 200 and 2 16. A population has a mean of 300 and a standard deviation of 18. A sample of 144 observations will be taken....
A random sample of size n=80 is taken from a population of size N = 600...
A random sample of size n=80 is taken from a population of size N = 600 with a population proportion p = 0.46. What is the probability that the sample mean is less than 0.40? Please provide an answer with 3 decimal points.
6. The issues surrounding the levels and structure of executive compensation have gained added prominence in...
6. The issues surrounding the levels and structure of executive compensation have gained added prominence in the wake of the financial crisis that erupted in the fall of 2008. Based on the 2006 compensation data obtained from the Securities and Exchange Commission (SEC) website, it was determined that the mean and the standard error of compensation for the 470 highest paid CEOs in publicly traded U.S. companies are $9.70 million and $9.19 million, respectively. An analyst randomly chooses 38 CEO...
The issues surrounding the levels and structure of executive compensation have gained added prominence in the...
The issues surrounding the levels and structure of executive compensation have gained added prominence in the wake of the financial crisis that erupted in the fall of 2008. Based on the 2006 compensation data obtained from the Securities and Exchange Commission (SEC) website, it was determined that the mean and the standard deviation of compensation for the 535 highest paid CEOs in publicly traded U.S. companies are $11.04 million and $10.46 million, respectively. An analyst randomly chooses 31 CEO compensations...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT