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- 7) Suppose that in a sample of 5274 customers at a food store, 2468 food shop more than once a week. Find a 98% confidence interval for the population proportion of customers who shop more than once a week. Interpret your answer.A risk manager is analyzing a 1-day 98% VaR model. Assuming 252 days in a year, what is the maximum number of daily losses exceeding the 1-day 98% VaR that is acceptable in a 1-year backtest to conclude, at a 95% confidence level, that the model is calibrated correctly? a)5 b)9 c)10 d)12(a) What is the minimum number of students that will need to be observed to get a margin of error of 0.08 with 99% confidence? (Use a table or technology.) students (b) Dr. Victory's school superintendent, Dr. Triumph, finds out about the study and tells him that in past studies, approximately 60% of middle school students have felt bullied. Will having this knowledge change how many students will be needed for Dr. Victory's students? Yes or no? YesNo (c) Now that Dr. Triumph has told Dr. Victory that in previous studies approximately 60% of students have felt bullied, what is the minimum number of students that will need to be observed to get a margin of error of 0.08 with 99% confidence? (Use a table or technology.) students
- If n=170 and ˆpp^ (p-hat) =0.23, find the margin of error at a 99% confidence levelGive your answer to three decimals1. A recent survey showed that from a sample of 500 packages delivered by a Postal Service, 480were delivered on time. a) Construct a 95% confidence interval for the proportion of all packages that are deliveredon time by the Postal Service.The Congressional Budget Office reports that 36% of federal civilian employees have a bachelor's degree or higher (The Wall Street Journal). A random sample of 115 employees in the private sector showed that 32 have a bachelor's degree or higher. Does this indicate that the percentage of employees holding bachelor's degrees or higher in the private sector is less than in the federal civilian sector? Use α = 0.05. State the null and alternate hypotheses. H0: μ = 0.36; H1: μ < 0.36H0: p = 0.36; H1: p > 0.36 H0: p = 0.36; H1: p < 0.36H0: p = 0.36; H1: p ≠ 0.36H0: μ = 0.36; H1: μ > 0.36H0: μ = 0.36; H1: μ ≠ 0.36 (b) What sampling distribution will you use? What assumptions are you making? The standard normal, since np < 5 and nq < 5.The Student's t, since np > 5 and nq > 5. The Student's t, since np < 5 and nq < 5.The standard normal, since np > 5 and nq > 5. What is the value of the sample test statistic? (Round your answer to two decimal…
- The figure to the right shows the results of a survey in which 1005 adults from Country A, 1023 adults from Country B, 995 adults from Country C, 1020 adults from Country D, and 1012 adults from Country E were asked whether national identity is strongly tied to birthplace. Country A37%22%27%49%Country BCountry CCountry DCountry E10% Construct a 99% confidence interval for the population proportion of adults who say national identity is strongly tied to birthplace for each country listed. The 99% confidence interval for the proportion of adults from Country B who say national identity is strongly tied to birthplace is enter your response here ,enter your response here . (Round to three decimal places as needed.)The figure to the right shows the results of a survey in which 1005 adults from Country A, 1023 adults from Country B, 995 adults from Country C, 1020 adults from Country D, and 1012 adults from Country E were asked whether national identity is strongly tied to birthplace. Country A37%22%27%49%Country BCountry CCountry DCountry E10% Construct a 99% confidence interval for the population proportion of adults who say national identity is strongly tied to birthplace for each country listed. Question content area bottom Part 1 The 99% confidence interval for the proportion of adults from Country A who say national identity is strongly tied to birthplace is (enter your response here ,enter your response here ). (Round to three decimal places as needed.)