A marketing research firm, doing work for your company, administere

known users of your product. The survey results below show the ge
respondent. Construct a 90% confidence interval for estimating the
in the target market.

Gender
female
female q) parameter of interest population proportion
male
female Q) shape of sampling distribution sample size is =400-larg
male
female covert 90% cofidence level to Z- value use ( NORMSINV) Z= 1.645
female
male 296 use count if funtion to know the females
female
female
female sample size =400
male sample proportion = 296 females/400 surved
female 0.74
male
male from the central limit theorem:
female standard error= squareroot 0.74(1-0.74)/400
male
male
female confidence interval
female
female 0.74+(1.645*0.22)= 0.704
male 0.74-(1.645*0.22) = 0.776
female
female conlusion we are 90% confident the propotion of females in the targe
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ny, administered a survey to 400
w show the gender of the
estimating the proportion of females

sample size is =400-large sample so normal distribution

NORMSINV) Z= 1.645

o know the females

0.000481 0.021932 standard error= squareroot population proportion(1- population prop )/sample size

ion of females in the target market is between 70.4% and 77.6%

)/sample size
 Last month John sent 150 packages by courier. He would like to k
of sending a package. A random selection of 35 invoices averaged
standard deviation of $1.22. Construct the 95% confidence interva
mean to help John with his budget.

Q) parameter of interest
population mean
Q) shape of sampling distribution
sample size = 35 large sample

convert 95% confidence level to Z value (use normsinv)

0.05
0.025
z value -1.959964
from sample
sample size = 35
sample mean 10.50
sample STD. DEV 1.22

from central theorem : standart error = 1.22/ square root 35 0.206

confidence interval
10.50+- (1.96*0.206) = 10.10 & 10.90

conclusion we wre 95 % confident the aversage cost to send a pack

would like to know the average cost
oices averaged $10.50 with a
idence interval around the sample

/ square root 35 0.206

sage cost to send a package last month was between 10.10 and 10.90
 A cable company wants to know the proportion of homes in a suburb
antennas.

a) Determine the sample size if the company wants to know the true
maximum error of 5% at the 90% confidence level.

b) Determine the sample size if the company wants to know the true
maximum error of 5% at the 90% confidence level knowing that in ot
of the homes use TV antennas.

parameter of interest
population proportion

shape of sampling distribution

assume normal for sample size problem

covert 90% of confidence level to Z vale (use NORMSINV)

Z= 1.645
A) 270.6025
B) 152.7281
mes in a suburban area still using TV

know the true proportion with a

know the true proportion with a

owing that in other similar areas, 17%
 A survey of employees in comparable positions in different companie
wages listed below.

Estimate the average hourly wage with 90% confidence.

Survey Results
$ 12.60
$ 9.60 parameter of interest
$ 10.40 population mean
$ 11.00
$ 9.20 shape of sampling distribution
$ 10.90 sample size = 10 small sample use student t- distribution
$ 11.00
$ 9.80 convert 90% confidence level to t value (use= TINV)
$ 12.00
$ 10.50 t-value 1.833113 1-0.90= .10 df= 10-1=9

from sample
$ 10.70
sample size =10
sample mean=10.70
1.0498677165 sample STD>DEV= 1.05

from central limit theorem

standard error= 1.05/squareroot 10 = 0.332

confidence interval
10.70+(1.833*0.332)=11.31
10.70-(1.833*0.332)=10.09

coclusion : we are 90% confident the average hourly wage for this type of position is
fferent companies yielded the hourly

nce.

t t- distribution

df= 10-1=9

wage for this type of position is between 10.09 and 11.31

Customers ordering parts by phone have been complaining about h
on hold waiting for a marketing representative. Management has de
problem by randomly sampling phone calls. They want to know the
maximum allowable error of 30 seconds. A small pilot study found a
minutes, with a standard deviation of 1.5 minutes. How large a sam
corporate guidelines require 95% confidence?

parameter of interest
population mean

shape of sampling distribution

figure out the sample size assume Normal for Sample SIZE

convert 95% confidence Level to Z value

Z=1.96

sample size [Z* standard deviation/ maximum

STD.DEV=1.5 mins 90 sec
MAX error 30 seconds 0.5 mins

34.5744 35 ans
no conclusions
 aining about how long they are kept
gement has decided to study the
nt to know the wait time with a
t study found a mean wait time of 6.8
ow large a sample should be taken if

dard deviation/ maximum error)^2