Question

In a recent issue of Time magazine, 15 of 68 pages contained advertizing. Count every page...

In a recent issue of Time magazine, 15 of 68 pages contained advertizing. Count every page that includes any advertising. Find the proportion of pages that include advertising.

Based on this sample result, construct a 95% confidence interval estimate of the percentage of all popular magazine pages that have advertising. (See section 7-2 of the textbook for examples of such confidence intervals).

Give a description of what this confidence interval tells you about magazine advertising.

What would change about your confidence interval if you changed the confidence level to 99%?

Homework Answers

Answer #1

p= 0.22...................(proportion)

q= 0.78

n= 68

alpha=0.05 then Z(alpha/2)= 1.96

Margin of error E=Z(alpha/2)*sqrt(p*q/n)

=1.96*sqrt(0.22*0.78/68)

=0.0984600

95% Confidence interval for population proportion =(p-E,p+E)

rounded lower bound= 0.1215

rounded upper bound= 0.3185

there is a 95% chance that population proportion fall between 12.15% and 31.85%

p= 0.22

q= 0.78

n= 68

alpha=0.01 then Z(alpha/2)= 2.576

Margin of error E=Z(alpha/2)*sqrt(p*q/n)

=2.576*sqrt(0.22*0.78/68)

=0.1294

99% Confidence interval for population proportion =(p-E,p+E)

rounded lower bound= 0.0906

rounded upper bound= 0.3494

There is a 99% chance that population proportion fall between 9.06% and 34.94%

As the confidence level increased from 95% to 99% , it become wider on normal curve.

.............................................

if you have any doubt ask in comment give tumbs up if you like work

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
The September 13, 1999 issue of Sports Illustrated contained 116 pages, and 54 of those pages...
The September 13, 1999 issue of Sports Illustrated contained 116 pages, and 54 of those pages contained an advertisement. The September 14, 1999, issue of Soap Opera Digest consisted of 130 pages, including 28 pages with advertisements. Find a 99% confidence interval for the proportion of pages that are ads in Sports Illustrated. What is the lower endpoint of this interval? Find a 99% confidence interval for the proportion of pages that are ads in Soap Opera Digest. What is...
Economic inequality is a huge issue. A recent study found that the world’s 80 wealthiest individuals...
Economic inequality is a huge issue. A recent study found that the world’s 80 wealthiest individuals own as much as the entire world’s poorest 3.5 billion people. The richest 1 percent of the world’s population control half of the world’s total wealth. Many individuals, corporations, charities, and government agencies have projects and programs in place to attempt to tackle this and other important global issues such as sustainability, but there are many opportunities to do more. A grassroots group of...
Please read the article and answear about questions. Determining the Value of the Business After you...
Please read the article and answear about questions. Determining the Value of the Business After you have completed a thorough and exacting investigation, you need to analyze all the infor- mation you have gathered. This is the time to consult with your business, financial, and legal advis- ers to arrive at an estimate of the value of the business. Outside advisers are impartial and are more likely to see the bad things about the business than are you. You should...
In February 2012, the Pepsi Next product was launched into the US market. This case study...
In February 2012, the Pepsi Next product was launched into the US market. This case study provides students with an interesting insight into PepsiCo’s new product process and some of the challenging decisions that they faced along the way. Pepsi Next Case Study Introduction Pepsi Next was launched by PepsiCo into the US market in February 2012, and has since been rolled out to various international markets (for instance, it was launched in Australia in September 2012). The new product...
Sign In INNOVATION Deep Change: How Operational Innovation Can Transform Your Company by Michael Hammer From...
Sign In INNOVATION Deep Change: How Operational Innovation Can Transform Your Company by Michael Hammer From the April 2004 Issue Save Share 8.95 In 1991, Progressive Insurance, an automobile insurer based in Mayfield Village, Ohio, had approximately $1.3 billion in sales. By 2002, that figure had grown to $9.5 billion. What fashionable strategies did Progressive employ to achieve sevenfold growth in just over a decade? Was it positioned in a high-growth industry? Hardly. Auto insurance is a mature, 100-year-old industry...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT
Active Questions
  • Attached is the file GeometricObject.java. Include this in your project, but do not change. Create a...
    asked 32 seconds ago
  • Suppose the number of cars in a household has a binomial distribution with parameters n =...
    asked 3 minutes ago
  • HR needs some information on the new interns put into a database. Given an id, email,...
    asked 24 minutes ago
  • Problem solving strategies Questions years = input("Enter a number of years and I'll tell you how...
    asked 28 minutes ago
  • Calculate ?Hrxn for the following reaction: CH4(g)+4Cl2(g)?CCl4(g)+4HCl(g) Use the following reactions and given ?H?s. C(s)+2H2(g)?CH4(g)?H=?74.6kJC(s)+2Cl2(g)?CCl4(g)?H=?95.7kJH2(g)+Cl2(g)?2HCl(g)?H=?184.6kJ Express...
    asked 35 minutes ago
  • ASCII (American Standard Code for Information Interchange) has an encoding for every character of the alphabet,...
    asked 49 minutes ago
  • Is home confinement with electronic monitoring a deterrent? Are there negatives to being confined to one’s...
    asked 1 hour ago
  • Social hostility can have severe lasting effects of interperpersonal relationship during our adolescence years, which if...
    asked 1 hour ago
  • - A series RLC circuit has R=15 ?, L=1.5 H, and C=15 ?F. (a) For what...
    asked 1 hour ago
  • TV Circuit has 30 large-screen televisions in a warehouse in Erie and 60 large-screen televisions in...
    asked 1 hour ago
  • Charges q1, q2, q3, and q4 are placed in sequential order at the corners of a...
    asked 1 hour ago
  • Let X~GEOM(0.7). Let Y=e^2x. Find E[Y].
    asked 1 hour ago