Question

People were surveyed​ worldwide, being asked the question​ "How important is acquiring wealth to​ you?" Of...

People were surveyed​ worldwide, being asked the question​ "How important is acquiring wealth to​ you?" Of 1513 respondents in country​ A, 1102 said that it was of more than average importance. In country​ B, of 1294 ​respondents, 611 said it was of more than average importance. ​a) What proportion thought acquiring wealth was of more than average importance in each​ country's sample? ​b) Create a 90 ​% confidence interval for the percentage of people who thought it was of more than average importance in country A.​ (Be sure to test​ conditions.) Compare that to a confidence interval for the country B population.

Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A survey of wealthy U.S. citizens has a question that asked, “How much wealth do you...
A survey of wealthy U.S. citizens has a question that asked, “How much wealth do you need to live comfortably?” On average, those with a net worth of over $1 million said that they needed $2.4 million to live comfortably, those with at least $5 million in net worth said that they needed $10.4 million, and those with at least $10 million wanted $18.1 million. Apparently, most people never have enough. Discuss why in Economics, this concept “More is better”...
A poll conducted in 1974 asked 1007 ?people, "During the past? year, about how many? books,...
A poll conducted in 1974 asked 1007 ?people, "During the past? year, about how many? books, either hardcover or? paperback, did you read either all or part of the way? through?" Results of the survey indicated that x=18.8 books and s=19.8 books. ?(a) Construct a 99?% confidence interval for the mean number of books read either all or part of during the preceding year. Interpret the interval. ?(b) Compare these results to a recentrecent survey of 1007 people. The results...
A poll conducted in 1971 asked 1009 people, During the past year about how many books...
A poll conducted in 1971 asked 1009 people, During the past year about how many books either hardcover or paperback did you read either all or part of the way through results of the survey indicated that x=18.9 books and s=19.9 books. (a) construct a 95% confidence interval for the mean number of books read either all or part of during the preceding year interpret the interval. (b) compare these results to a recent survey of 1009 people. The results...
A poll conducted in 1978 asked 1004 ​people, "During the past​ year, about how many​ books,...
A poll conducted in 1978 asked 1004 ​people, "During the past​ year, about how many​ books, either hardcover or​ paperback, did you read either all or part of the way​ through?" Results of the survey indicated that x overbarxequals=19.3 books and sequals=20.3 books. ​(a) Construct a 9999​% confidence interval for the mean number of books read either all or part of during the preceding year. Interpret the interval. ​(b) Compare these results to a recentrecent survey of 1004 people. The...
1. A Pew Research study regarding cell phones asked questions about cell phone experience. One growing...
1. A Pew Research study regarding cell phones asked questions about cell phone experience. One growing concern is unsolicited advertising in the form of text messages. Pew asked 1150 cell phone owners, “Have you ever received unsolicited text messages on your cell pone from advertisers?” and 17% reported that they had. a) State the parameter you want to estimate. b) Check conditions and identify the appropriate inference method. c) If the conditions have been met, perform the calculations for a...
A certain index tracks daily how people from a certain country evaluate their​ lives, both now...
A certain index tracks daily how people from a certain country evaluate their​ lives, both now and in five​ years, on a certain striving​ scale, where​ "0" represents the worst possible life and​ "10" represents the best possible life. Respondents are classified as​ "thriving" if they rate their current life a 7 or higher and their future life an 8 or higher. Daily results are based on a​ three-day rolling​ average, based on telephone interviews with 981 adults from that...
WASHINGTON, D.C. -- An average of 13% of adults worldwide rated their lives poorly enough to...
WASHINGTON, D.C. -- An average of 13% of adults worldwide rated their lives poorly enough to be considered "suffering," according to Gallup surveys in 146 countries in 2011. The percentage rating their current and future lives poorly enough to be considered suffering was as high as 45% in Bulgaria and as low as 1% or less in the United Arab Emirates, Netherlands, Luxembourg, Canada, Thailand, and Brazil. Gallup classifies respondents as "thriving," "struggling," or "suffering" according to how they rate...
1-How important do you believe it is to be task-oriented and relationship-orientated? How would you describe...
1-How important do you believe it is to be task-oriented and relationship-orientated? How would you describe Musk? 2-Why do you think Musk is successful in overcoming obstacles and handling conflict? How do you overcome obstacles in influencing individuals in your life? 3-Besides the personality traits given in chapter 2, what other traits attribute to a great leader? Recognizing Your Traits The definition of intelligence is the ability to acquire and apply knowledge and skills. Elon Musk knew little about rockets...
Everyday investment company Sharesies was launched in February 2017, after conducting research on New Zealanders’ attitudes...
Everyday investment company Sharesies was launched in February 2017, after conducting research on New Zealanders’ attitudes towards investing. Prior to launching the company, the co-founders interviewed over 200 people asking them “If I gave you $50 right now, and you had to do something with it in the next 5 minutes what would you do?” Only 5 out of 200 people chose an option to save or invest the $50. More popular options were bills, online shopping, coffees, vouchers, food,...
CASE: Sharesies: NZ investment platform Everyday investment company Sharesies was launched in February 2017, after conducting...
CASE: Sharesies: NZ investment platform Everyday investment company Sharesies was launched in February 2017, after conducting research on New Zealanders’ attitudes towards investing. Prior to launching the company, the co-founders interviewed over 200 people asking them “If I gave you $50 right now, and you had to do something with it in the next 5 minutes what would you do?” Only 5 out of 200 people chose an option to save or invest the $50. More popular options were bills,...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT