The North American Free Trade Agreement (NAFTA) enacted in 1994 is a trilateral trade agreement signedby the United States, Canada and Mexico. This trade agreement has been controversial since its inceptionand Americans remain split on the issue. In a Gallup Poll conducted February 1-5, 2017, 448 out of 973randomly selected Americans aged 18 or older stated that they believed that NAFTA was bad for the UnitedStates.a. Find the point estimate for the proportion of Americans who believe that NAFTA was bad for theUnited States. Round your answer to 4 decimal places.b. Find the margin of error for a 95% confidence interval. Round your answer to 4 decimal places.c. Construct the 95% confidence interval for the proportion of Americans who believe that NAFTA wasbad for the United States. Enter your answer as an open interval of the form (a,b) and round to 3decimal places.d. Can you conclude that more than half of Americans believe that NAFTA was bad for the UnitedStates?No, the entire confidence interval is below 0.50.No conclusions can be drawn since the confidence interval contains 0.50.O Yes, the entire confidence is above 0.50.

Answered: Image /qna-images/answer/a55c8c79-1491-43e9-a8f0-33f0bfee7485.jpg

Answered: The North American Free Trade Agreement…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

The North American Free Trade Agreement (NAFTA) enacted in 1994 is a trilateral trade agreement signed by the United States, Canada and Mexico. This trade agreement has been controversial since its inception and Americans remain split on the issue. In a Gallup Poll conducted February 1-5, 2017, 447 out of 971 randomly selected Americans aged 18 or older stated that they believed that NAFTA was bad for the United States. 1.Find the point estimate for the proportion of Americans who believe that NAFTA was bad for the United States. Round your answer to 4 decimal places. 2.Find the margin of error for a 95% confidence interval. Round your answer to 4 decimal places. 3.Construct the 95% confidence interval for the proportion of Americans who believe that NAFTA was bad for the United States. Enter your answer as an open interval of the form (a,b) and round to 3 decimal places.
Identify the data collection method used in the following statements:1. A researcher investigates the influence of online payments on consumer spending.2. A local TV network asked the voters to indicate whom they voted as they exited the pollingbooth.3. The school administration asked the students whether they are willing to have an increase inlaboratory fees if there is an upgrade of computers.4. A social welfare organization gathers information on hospital patients with mental disorders.5. An investigator uses information from various business reports for analysis.
In recent years more people have been working past the age of 65. In 2005, 27% of people aged 65-69 worked. A recent report from the Organization for Economic Co-operation and Development (OECD) claimed that the percentage working had increased (USA Today, November 16, 2012). The findings reported by the OECD were consistent with taking a sample of 600 people aged 65-69 and finding that 180 of them were working. a. Develop a point estimate of the proportion of people aged 65-69 who are working (to 2 decimals). b. Set up a hypothesis test so that the rejection of Ho will allow you to conclude that the proportion of people aged 65-69 working has increased from 2005. Но: р - Select your answer - На: р - Select your answer - c. Conduct your hypothesis test using a =.05 p-value - Select your answer - What is your conclusion? - Select your answer -
In recent years more people have been working past the age of 65. In 2005, 27% of people aged 65-69 worked. A recent report from the Organization for Economic Co-operation and Development (OECD) claimed that the percentage working had increased (USA Today, November 16, 2012). The findings reported by the OECD were consistent with taking a sample of 600 people aged 65-69 and finding that 180 of them were working. a. Develop a point estimate of the proportion of people aged 65-69 who are working. b. Set up a hypothesis test so that the rejection of Ho will allow you to conclude that the proportion of people aged 65-69 working has increased from 2005. c. Conduct your hypothesis test using a = .05. What is your conclusion?
5. A federal auditor for nationally chartered banks from a random sample of 100 accounts found that the average demand deposit balance at the First National Bank of small town was $549.82. If the auditor needed a point estimate for the population mean for all accounts at this bank, what would she use? a. The average of $54.98 for this sample. b. The average of $549.82 for this sample. c. There is no acceptable value available. d. She would survey the total of all accounts and determine the mean. e. Not enough information is given to answer this question.
In recent years more people have been working past the age of 65. In 2005, 27% of people aged 65–69 worked. A recent report from the Organization for Economic Co-operation and Development (OECD) claimed that the percentage working had increased (USA Today, November 16, 2012). The findings reported by the OECD were consistent with taking a sample of 600 people aged 65-69 and finding that 180 of them were working. a. Develop a point estimate of the proportion of people aged 65-69 who are working (to 2 decimals). b. Set up a hypothesis test so that the rejection of H0 will allow you to conclude that the proportion of people aged 65-69 working has increased from 2005.H0: p - Select your answer -greater than or equal to .27greater than .27less than or equal to .27less than .27equal to .27not equal to .27Item 2Ha: p - Select your answer -greater than or equal to .27greater than .27less than or equal to .27less than .27equal to .27not equal to .27Item 3 c. Conduct your hypothesis test…
One question in the General Social Survey asks, “Do you think that it should be government’s responsibility to reduce income differences between the rich and the poor?” Those answering yes in a recent survey included 90 of the 142 respondents who called themselves “strong Democrat” in political party identification and 26 of the 102 who called themselves “strong Republican.” Question: Find the point estimate (n) of the proportion answering yes for each group. What is the point estimate for strong Democrat and strong Republicans
According to a New York Times/CBS poll, 76% agreed that it should be the government's responsibility to provide a decent standard of living for the elderly, and 35% agreed that it would be a good idea to invest part of their Social Security taxes on their own. What is the smallest percentage of people who could have agreed with both statements?
Here are the countries with the five highest estimated costs of software piracy: United States ($9.1 billion), China ($8.7 billion), India ($2.7 billion), France ($2.1 billion), United Kingdom ($1.9 billion). Among these five countries, the United States has 37.1% of the cost of piracy. Is it correct to conclude that the United States has 37.1% of the total cost of piracy for all countries? What do these results tell us about the costs of piracy in the other countries not included here?
According to Padgett Business Services, 20% of all small-business owners say the most important advice for starting a business is to prepare for long hours and hard work. Twenty-five percent say the most important advice is to have good financing ready. Nineteen percent say having a good plan is the most important advice; 18% say studying the industry is the most important advice; and 18% list other advice. Suppose 14 small business owners are contacted, and assume that the percentages hold for all small-business owners.a. What is the probability that none of the owners would say preparing for long hours and hard work is the most important advice?b. What is the probability that six or more owners would say preparing for long hours and hard work is the most important advice?c. What is the probability that exactly five owners would say having good financing ready is the most important advice?d. What is the expected number of owners who would say having a good plan is the most important…
3. A local charity wants to purchase a classic 1978 Chevy Monte Carlo for use as a prize in a fundraiser. They find the following eight prices in the paper. $17,000 $3,000 $21,600 $96,000 lenth $19,000 $16,000 $18,888 $24,200 a. What is the best measure of central tendency to use to get a reasonable estimate for the cost of the car? Explain. b. What is the range? cialni priho
Consider that Roane county, which calculated that the average firm size (in terms of number of employees) is 150 with a median size of 50, while Anderson county calculated an average and median size of 230 and 255 respectively. Officials from both counties are asking their state legislatures for additional funds to accommodate their growing business size. Do you support their requests, why or why not? Also, are there any additional statistics you might ask for and why?

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS