Question

It is said that happy and healthy workers are efficient and productive. A company that manufactures...

It is said that happy and healthy workers are efficient and productive. A company that manufactures exercising machines wanted to know the percentage of large companies that provide on-site health club facilities. A sample of 240 such companies showed that 97 of them provide such facilities on site.

Construct a 98% confidence interval for the percentage of all such companies that provide such facilities on site. What is the margin of error for this estimate?

Round your answers to one decimal place.

Confidence interval: Enter your answer; confidence interval, lower bound% to Enter your answer; confidence interval, upper bound%

Margin of error: Enter your answer; Margin of error%

Homework Answers

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
It is said that happy and healthy workers are efficient and productive. A company that manufactures...
It is said that happy and healthy workers are efficient and productive. A company that manufactures exercising machines wanted to know the percentage of large companies that provide on-site health club facilities. A sample of 240 such companies showed that 99 of them provide such facilities on site. Construct a 90 % confidence interval for the percentage of all such companies that provide such facilities on site. What is the margin of error for this estimate? Round your answers to...
It is said that happy and healthy workers are efficient and productive. A company that manufactures...
It is said that happy and healthy workers are efficient and productive. A company that manufactures exercising machines wanted to know the percentage of large companies that provide on-site health club facilities. A sample of such 240 companies showed that 105 of them provide such facilities on site. Construct a 97% confidence interval for the percentage of all such companies that provide such facilities on site. What is the margin of error for this estimate? Round your answers to one...
It is said that happy and healthy workers are efficient and productive. A company that manufactures...
It is said that happy and healthy workers are efficient and productive. A company that manufactures exercising machines wanted to know the percentage of large companies that provide on-site health club facilities. A sample of 240 companies showed that 105 of them provide such facilities on site. Construct a 96% confidence interval for the percentage of all such companies that provide such facilities on site. What is the margin of error for this estimate? Round your answers to one decimal...
A company that manufactures exercising machines wanted to know the proportion of large companies that provide...
A company that manufactures exercising machines wanted to know the proportion of large companies that provide on-site health club facilities. A random sample of 240 large companies showed that 96 of them provide these facilities on site. Construct a 90% confidence interval for the proportion of all large companies that provide on-site health club facilities. Express your answer using percentages.
1)For many years businesses have struggled with the rising cost of health care. But recently, the...
1)For many years businesses have struggled with the rising cost of health care. But recently, the increases have slowed due to less inflation in health care prices and employees paying for a larger portion of health care benefits. A recent Mercer survey showed that 52% of U.S. employers were likely to require higher employee contributions for health care coverage. Suppose the survey was based on a sample of 900 companies. Compute the margin of error and a 95% confidence interval...
According to Thomson Financial, last year the majority of companies reporting profits had beaten estimates. A...
According to Thomson Financial, last year the majority of companies reporting profits had beaten estimates. A sample of 162 companies showed that 110 beat estimates, 29 matched estimates, and 23 fell short. (a) What is the point estimate of the proportion that fell short of estimates? If required, round your answer to four decimal places. pshort = (b) Determine the margin of error and provide a 95% confidence interval for the proportion that beat estimates. If required, round your answer...
Please answer each question and explain how you found the correct answer. 2. Additionally, customer satisfaction...
Please answer each question and explain how you found the correct answer. 2. Additionally, customer satisfaction surveys have indicated that 65% (p=.65) of all TGP customers rate service as good or excellent. You are taking a new survey to see if this is still the case. Assuming a normal distribution, what is the probability that: a) your inquiry of 90 customers will provide a sample proportion within + and - .10 of the population proportion? b) Your inquiry of 90...
A political candidate has asked you to conduct a poll to determine what percentage of people...
A political candidate has asked you to conduct a poll to determine what percentage of people support her. If the candidate only wants a 1% margin of error at a 98% confidence level, what size of sample is needed? The political candidate will need to sample____ people. Assume that a sample is used to estimate a population mean μμ. Find the 95% confidence interval for a sample of size 38 with a mean of 44.3 and a standard deviation of...
Suppose Laura, a facilities manager at a health and wellness company, wants to estimate the difference...
Suppose Laura, a facilities manager at a health and wellness company, wants to estimate the difference in the average amount of time that men and women spend at the company's fitness centers each week. Laura randomly selects 14 adult male fitness center members from the membership database and then selects 14 adult female members from the database. Laura gathers data from the past month containing logged time at the fitness center for these members. She plans to use the data...
Do all the following problems. I. Choose the best answer for each multiple choice. Please use...
Do all the following problems. I. Choose the best answer for each multiple choice. Please use CAPITAL letters to indicate your answer and write neatly. (30 points) 1. ____ 4.____ 7. ____ 10.____ 13. ____ 2. ____ 5.____ 8. ____ 11.____ 14. ____ 3. ____ 6.____ 9. ____ 12.____ 15. ____ Whenever the population standard deviation is unknown and the population has a normal or near-normal distribution, which distribution is used in developing an interval estimation? A. standard distribution B....
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT