For the situation below identify the population and the sample and explain what

Question

For the situation below identify the population and the sample and explain what p and p^ (phat) with caretp represent if appropriate and what the value of p^ (phat) with caretp is. Would you trust a confidence interval for the true proportion based on these? data? Explain briefly why or why not. Upper A marketing analyst conducts a large survey of her customers to find out how much money

A marketing analyst conducts a large survey of her customers to find out how much money they plan to spend at the company website in the next 6 months. The average amountthey plan to spend at the company website in the next 6 months. The average amount reported from the 504 respondents is $ 149.13 .reported from the 504 respondents is $149.13.

What is the? population?

A.All marketing analyst websites

B.All customers of the marketing analyst

C.All the websites of the marketing analyst customers

D.All marketing analysts

Identify the sample. Choose the correct answer below.

A.The 504 customers who responded to the survey

B.The average amount reported by the 504 customers who responded

C.All the customers to whom the survey was sent

D.The 504 amounts that were recorded from the survey

Explain what p^ (phat) represents. Choose the correct answer below.

A.The average amount that will be spent by the marketing analyst's customers

B.This situation is about a mean comma not a proportion.

C.The proportion of the 504 respondents who will spend more than $ 149.13

D.The proportion of all customers who will spend more than $ 149.13 .The proportion of all customers who will spend more than $149.13.

Explain what p^ (phat) represents. Choose the correct answer below.

A.The average amount that will be spent by the marketing analyst's customers

B.The proportion of the 504 respondents who will spend more than $ 149.13

C.This situation is about a mean comma not a proportion.

D.The proportion of all customers who will spend more than $ 149.13 .

What is the value of p^ (phat)?

A.The proportion is 149.13

B.The proportion is not given in the information.

C.This situation is about a mean comma not a proportion.

D.The proportion is 504.

Would you trust a confidence interval for the true proportion based on these? data?

A.Yes because this sample seems to meet all the conditions.

B.No because the 10 % condition is violated

C.No because this sample is voluntary comma and may be biased.

D.This situation is about a mean comma not a proportion.

Explanation / Answer

1. Here, the population is the customer of the marketing analyst.

Ans. B.All customers of the marketing analyst.

2. the sample is nothing but,

Ans. A.The 504 customers who responded to the survey

3. Here, the survey is taken to know the average amount they plan to spend on the company website. So, it is all about the mean value.

Ans. B.This situation is about a mean, not a proportion.

4. Similarly,

Ans, C.This situation is about a mean, not a proportion.

5. Ans, C.This situation is about a mean, not a proportion.

6. Ans, D.This situation is about a mean, not a proportion.

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