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Statistics for Managers Study Set 2
Quiz 7: Sampling Distributions
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Question 101
Short Answer
SCENARIO 7-5 According to an article, 19% of the entire population in a developing country has high-speed access to the Internet.Random samples of size 200 are selected from the country's population. -Referring to Scenario 7-5, the standard error of all the sample proportions is ______.
Question 102
Short Answer
SCENARIO 7-4 According to a survey, only 15% of customers who visited the web site of a major retail store made a purchase.Random samples of size 50 are selected. -Referring to Scenario 7-4, 90% of the samples will have more than what percentage of customers who will make a purchase after visiting the web site?
Question 103
True/False
SCENARIO 7-4 According to a survey, only 15% of customers who visited the web site of a major retail store made a purchase.Random samples of size 50 are selected. -Referring to Scenario 7-4, the requirements for using a normal distribution to approximate a binomial distribution is fulfilled.
Question 104
Short Answer
A study at a college in the west coast reveals that, historically, 45% of the students are minority students.If random samples of size 75 are selected, 95% of the samples will have more than ______% of minority students.