SmartExpert

(118)

$30/per page/Negotiable

About SmartExpert

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Accounting,Business & Finance See all
Accounting,Business & Finance,Economics,English,HR Management,Math Hide all
Teaching Since: Apr 2017
Last Sign in: 56 Weeks Ago, 4 Days Ago
Questions Answered: 7570
Tutorials Posted: 7352

Education

  • BS,MBA, PHD
    Adelphi University/Devry
    Apr-2000 - Mar-2005

Experience

  • HOD ,Professor
    Adelphi University
    Sep-2007 - Apr-2017

Category > Statistics Posted 29 Oct 2020 My Price 6.00

QNT 275 Week 4 Discussion Income and Insurance

QNT 275 Week 4 Discussion Income and Insurance

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students. 

Due Thursday 

Respond to the following in a minimum of 175 words: 

Suppose that we wish to assess whether more than 60 percent of all U.S. households in a particular income class bought life insurance last year. That is, we wish to assess whether p, the proportion of all U.S. households in the income class that bought life insurance last year, exceeds .60. Assume that an insurance survey is based on 1,000 randomly selected U.S. households in the income class and that 640 of these households bought life insurance last year.

a)   Assuming that p equals .60 and the sample size is 1,000, what is the probability of observing a sample proportion that is at least .64?

b)  Based on your answer in part a, do you think more than 60 percent of all U.S. households in the income class bought life insurance last year? Explain.

Answers

SmartExpert
(118)
Status NEW Posted 29 Oct 2020 08:10 PM My Price 6.00

QNT----------- 27-----------5 W-----------eek----------- 4 -----------Dis-----------cus-----------sio-----------n I-----------nco-----------me -----------and----------- In-----------sur-----------anc-----------e-----------

Attachments

file 1604004367-QNT 275 Week 4 Discussion Income and Insurance.docx preview (345 words )
Q-----------NT -----------275----------- We-----------ek -----------4 D-----------isc-----------uss-----------ion----------- In-----------com-----------e a-----------nd -----------Ins-----------ura-----------nce----------- P-----------ost----------- a -----------tot-----------al -----------of -----------3 s-----------ubs-----------tan-----------tiv-----------e r-----------esp-----------ons-----------es -----------ove-----------r 2----------- se-----------par-----------ate----------- da-----------ysÂ----------- fo-----------r f-----------ull----------- pa-----------rti-----------cip-----------ati-----------on.----------- Th-----------isÂ----------- in-----------clu-----------des----------- yo-----------ur -----------ini-----------tia-----------l -----------pos-----------t -----------and----------- 2 -----------rep-----------lie-----------s -----------to -----------oth-----------er -----------stu-----------den-----------ts.-----------  ----------- Du-----------e T-----------hur-----------sda-----------y ----------- R-----------esp-----------ond----------- to----------- th-----------e f-----------oll-----------owi-----------ng -----------in -----------a m-----------ini-----------mum----------- of----------- 17-----------5 w-----------ord-----------s:Â-----------  -----------Sup-----------pos-----------e t-----------hat----------- we----------- wi-----------sh -----------to -----------ass-----------ess----------- wh-----------eth-----------er -----------mor-----------e t-----------han----------- 60----------- pe-----------rce-----------nt -----------of -----------all----------- U.-----------S. -----------hou-----------seh-----------old-----------s i-----------n a----------- pa-----------rti-----------cul-----------ar -----------inc-----------ome----------- cl-----------ass----------- bo-----------ugh-----------t l-----------ife----------- in-----------sur-----------anc-----------e l-----------ast----------- ye-----------ar.----------- Th-----------at -----------is,-----------
Not Rated(0)