Author Question: Recently, a report in a financial journal indicated that the 90 percent confidence interval estimate ... (Read 90 times)

jparksx

  • Hero Member
  • *****
  • Posts: 570
Recently, a report in a financial journal indicated that the 90 percent confidence interval estimate for the proportion of investors who own one or more mutual funds is between 0.88 and 0.92.
 
  Given this information, the sample size that was used in this study was approximately 609 investors. Indicate whether the statement is true or false

Question 2

The owners of Greg's Department Store have reason to believe that one of their employees has been stealing from the store. In an interview with the police, the owner says that she is 75 percent sure that the employee is stealing.
 
  This probability is an example of one that was assessed using classical probability. Indicate whether the statement is true or false



fdliggud

  • Sr. Member
  • ****
  • Posts: 366
Answer to Question 1

TRUE

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

For a complete list of videos, visit our video library