We are planning on introducing a new internet device that should drastically reduce the amount of viruses on personal computers. We think the price should be $39.99, but are not sure on the percentage of people that would buy it. We do some research and find the following information; Studies from the 1930’s indicate that percentage should be between 30% and 40% Similar products were launched recently at a price of $4,000 and nobody bought it. A nationwide poll on this type of product and price was run earlier this year, with percentages running from 75% to 80%. We are going to conduct an additional focus group before we launch the product. What should the sample size be if we want a 95% CI to be within 5% of the actual value?

Answers

Answer 1

Answer:

The sample size required is 289.

Step-by-step explanation:

Let p be population proportion of people that would buy the product.

It is provided that the nationwide poll on this type of product and price was run earlier this year, with percentages running from 75% to 80%.

Assume that the sample proportion of people that would buy the product is, [tex]\hat p=0.75[/tex].

A 95% Confidence Interval is to be constructed with a margin of error of 5%.

We need to determine the sample size required for the 95% Confidence Interval to be within 5% of the actual value.

The formula to compute the margin of error for a (1 - α)% confidence interval of population proportion is:

[tex]MOE=z_{\alpha/2}\times\sqrt{\frac{\hat p(1-\hat p)}{n}}[/tex]

The critical value of z for 95% confidence interval is,

z = 1.96.

Compute the sample size required as follows:

[tex]MOE=z_{\alpha/2}\times\sqrt{\frac{\hat p(1-\hat p)}{n}}[/tex]

      [tex]n=[\frac{z_{\alpha/2}\ \sqrt{\hat p(1-\hat p)} }{MOE}]^{2}[/tex]

         [tex]=[\frac{1.96\cdot \sqrt{0.75(1-0.75)} }{0.05}]^{2}\\\\=(16.9741)^{2}\\\\=288.12007081\\\\\approx 289[/tex]

Thus, the sample size required is 289.


Related Questions

Florian ran 1.2 miles and walked 4.8 laps around the path at the park for a total distance of 3.6 miles. Which shows the correct equation and value of x, the distance of 1 lap around the path at the park? 3.6 x + 1.2 = 4.8; x = 1 mile 4.8 x + 1.2 = 3.6; x = 1 mile 3.6 x + 1.2 = 4.8; x = 0.5 mile 4.8 x + 1.2 = 3.6; x = 0.5 mile

Answers

Answer:

The correct answer would be D) 4.8x + 1.2 = 3.6; x = 0.5 mile

Step-by-step explanation:

This is because laps would be the dependent variable, so we know the number of them (4.8) would be multiplied by the variable (x). We also know that 1.2 is the constant. Now we can solve to make sure this is the right equation.

4.8x + 1.2 = 3.6

4.8x = 2.4

x = 0.5

Answer:

D) 4.8x + 1.2 = 3.6; x = 0.5 miles

Prove the Triangle Proportinality Theorem

Answers

Answer:

Step-by-step explanation:

Given: DE║BC

To prove: [tex]\frac{\text{AD}}{\text{DB}}=\frac{\text{AE}}{\text{EC}}[/tex]

                Statements                           Reasons

1). DE║BC                                   1). Given

2). ∠1 ≅ ∠4, ∠3 ≅ ∠4                2). Corresponding angles theorem

3). ΔADE ~ ΔABC                      3). AA Similarity theorem

4). [tex]\frac{\text{AB}}{\text{AD}}=\frac{\text{AC}}{\text{AE}}[/tex]                                4). Corresponding sides are proportional

5). [tex]\frac{\text{AD+DB}}{\text{AD}}=\frac{\text{AE+EC}}{AE}[/tex]                   5). Segment addition postulate

6). [tex]1+\frac{\text{DB}}{\text{AD}}=1+\frac{\text{EC}}{\text{AE}}[/tex]                   6). [tex]\frac{a+b}{c}=\frac{a}{c}+\frac{b}{c}[/tex]

7). [tex]\frac{\text{DB}}{\text{AD}}=\frac{\text{EC}}{\text{AE}}[/tex]                                7). Subtract 1 from both sides

8). [tex]\frac{\text{AD}}{\text{DB}}=\frac{\text{AE}}{\text{EC}}[/tex]                               8). Take the reciprocal of both sides

A sample of carbon-12 has a mass of 6.00 g. How many atoms of carbon-12 are in the sample?
3.01 x 10^23
6.02 x 10^23
1.20 x 10^24
3.60 x 10^24

Answers

The answer is third one

Answer:

The answer is 3.01 x 10’23

Step-by-step explanation:

I got the answer to wrong and guessed the first one and it was correct

Please answer this correctly

Answers

Answer:

Height of this missing bar would be 1

Step-by-step explanation:

Since there is 1 and only 1 quantity between 80-99.

Answer:

1

There is 1 number that is between 80 and 99 which is 99 so there should be 1 bar.

Step-by-step explanation:

What is the image of (-4,12) after a dilation by a scale factor of 1/4 centered at the origin

Answers

Answer:

(-1,4)

Step-by-step explanation:

Divide each imput by 4

The required image of the given point (-4, 12) dilation by a scale factor of 1/4 and centered at the origin is (1, -3).

Given that,
To determine the image of  (-4,12) after dilation by a scale factor of 1/4 centered at the origin.

What is a graph?

The graph is a demonstration of curves that gives the relationship between the x and y-axis.

What is coordinate?

Coordinate, is represented as the values on the x-axis and y-axis of the graph

Here,
For the point, we have a dilation factor of 1/4,
So dilated coordinate,
= (1/4 * - 4 ,   1/4 * 12)
= (-1 , 3)
To form the image across the origin
= - (-1, 3)
= (1, -3)

Thus, the required image of the given point (-4, 12) with a scale factor of 1/4 and centered at the origin is (1, -3).

Learn more about coordinate here:

brainly.com/question/13498438

#SPJ2

The sum of one and the product of 4 and a number x

Answers

Answer:

1 + 4x

Step-by-step explanation:

Let's break this down.

"The sum of one" means that something is being added to the number one:

1 +

"and" whatever comes after the word 'and' will be added to the number one

"the product of 4 and a number x" this means that the number four and the variable x are being multiplied:

4x

Put it together:

1 + 4x

Therefore, the expression is 1 + 4x.

€ Practice
ents
ons
Evaluation
Calculate simple interest
Question
Carolyn makes a deposit of $2,800 into a savings account. The bank calculates simple interest annually at a rate of 7.5%.
Interest is added every year on the anniversary of the initial deposit. How many years must Carolyn wait before her
investment exceeds $3,500? Give your answer in years. Do not include units in your answer.
Provide your answer below:
FEEDBACK
MORE INSTRUCTION
SUBMIT
Content attribution

Answers

Answer:

4

Step-by-step explanation:

A=P0(1+rt).

We know that A=$3,500,P0=$2,800 and r=7.5%=0.075, so we can rearrange the formula for A to get an explicit expression for t:

A=P0(1+rt)⟹t=A−P0P0r,

and substituting the known quantities gives

r=$3,500−$2,800$2,800×0.075=3.33,

which means, since the interest is paid annually, that she must wait four years for the total investment to exceed $3,500.

A bag contains 4 green, 5 red, and 6 purple balls. The probability that all of them are red is?

Answers

Answer:

The percentage would be 20% (5x20=100)

Step-by-step explanation:

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