This topic contains a solution. Click here to go to the answer

Author Question: The economics department secretary wants to estimate the average number of bottled drinks sold each ... (Read 81 times)

armygirl

  • Hero Member
  • *****
  • Posts: 556
The economics department secretary wants to estimate the average number of bottled drinks sold each day out of the vending machine. Similar vending machine sales have a standard deviation of 9 bottles per day. He wants to be 95-percent confident that the estimate, x, obtained is within 3 bottles of the true mean . How large a sample is needed if the limit of the Coke machine for one day is 120?

Question 2

As marketing manager for a very large discount building supply, you wish to know what proportion of your city's population conducted do-it-yourself home improvement projects during the past year. The national percentage is 62; therefore, you decide to use this value in estimating sample size for a study to achieve 90 confidence with the estimate no more than 5 from the true proportion. If you know that the total city population is 30,000, what is the appropriate sample size?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cupcake16

  • Sr. Member
  • ****
  • Posts: 309
Answer to Question 1

27

Answer to Question 2

253




armygirl

  • Member
  • Posts: 556
Reply 2 on: Jun 24, 2018
:D TYSM


ryhom

  • Member
  • Posts: 366
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Everyone has one nostril that is larger than the other.

For a complete list of videos, visit our video library