Fortune magazine publishes an annual list of the 500 largest companies in the United States. The corporate headquarters for the 500 companies are located in 38 different states. The following table shows the 8 states with the largest number of Fortune 500 companies (Money/CNN website, May, 2012). State California Illinois New Jersey New York Number of Companies 53 32 21 50 State Ohio Pennsylvania Texas Virginia Number of Companies 28 23 52 24 Suppose one of the 500 companies is selected at random for a follow-up questionnaire. What is the probability that the company selected has its corporate headquarters in California? What is the probability that the company selected has its corporate headquarters in California, New York, or Texas? What is the probability that the company selected has its corporate headquarters in one of the 8 states listed above?

Q: Is it possible for you to compute this on excel?

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Q: Some news organization maintain a database of customers who have volunteered to share their opinions…

A: Correct option is (D).

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A:

Q: What is the sample with replacement?

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Q: If each sample from a large number of samples has the same probability of being selected then it is…

A: Solution In a simple random sampling the samples are drawn randomly.

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A: Solution  A convience sampling is the technique of drawing the sample when the researcher dram the…

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Q: A superintendent wants to survey teachers in his district to determine their opinions on the new…

A: The population study is the set of subjects of interest. A sample is a subset of the population. In…

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A:

Q: Although painful experiences are involved in social rituals in many parts of the world, little is…

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Q: 5. Two thousand randomly selected adults were asked if they think they are financially better off…

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A:

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Q: There are 4 branches of a local bank. Last year, branches A, B, C and D handled 27%, 23%, 20% and…

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Q: In a high school with 1,500 students, which would be the best way to select a random sample of…

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Q: The table below describes the number of cars in stock by Motor Traders. SUV Total Compact 50…

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Q: If I use the portion of the given random number table to select the first five students to be…

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Q: Assume that this was the groupings last SHS Days: Athenian 280 Persian 265 Roman 260 275 Spartan If…

A:

Q: Suppose that Fairfax County has N=400,000 households.  Further, assume that for we have a complete…

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Q: There are 4 branches of a local bank. Last year, branches A, B, C and D handled 28%, 22%, 19% and…

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A:

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A:

Q: Financial analyst Larry Potts needs a sample of 100 securities listed on either the New York Stock…

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A:

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A:

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Q: survey, a random selection of 2,757 adults was asked whether they identified more strongly with…

A: Follow the procedure given below.

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.