134k views
5 votes
The Food Marketing Institute shows that 17% of households spend more than $100 per week on groceries. Assume the population proportion is p 5 .17 and a simple random sample of

800 households will be selected from the population.

User Jugu
by
4.2k points

2 Answers

2 votes

Final answer:

The question deals with inferring a population proportion from a sample in statistics, involving concepts such as confidence intervals, the plus-four method, and significance levels.

Step-by-step explanation:

The question refers to the estimation of a population proportion based on sample data, which is a fundamental concept in statistics, specifically in the field of inferential statistics. The scenario described involves a marketing company that has conducted a survey to determine the proportion of households in which women make the majority of purchasing decisions. For example, a survey result showing that 120 out of 200 surveyed households have women making the majority of purchasing decisions would be used to infer information about the larger population's behavior.

A confidence interval can be calculated using the sample data to estimate the population parameter. Additionally, the question mentions the use of the plus-four method in constructing a confidence interval for a proportion, a technique that adjusts the sample data slightly to reduce bias in the confidence interval estimation when sample sizes are small. Another concept touched on in the question is to determine whether survey results are statistically significant at a certain level, such as the 0.05 significance level in the example involving the ownership of stocks.

User Mehdi Souregi
by
3.8k points
0 votes

Answer:

23.14

Step-by-step explanation:

User Ankit Basarkar
by
4.3k points