Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. statistics
  3. are you more likely to purchase a brand mentioned

Are you more likely to purchase a brand mentioned by an athlete on a social media...

60.1K

Verified Solution

Question

Statistics

Are you more likely to purchase a brand mentioned by an athleteon a social media site? According to Catalyst Digital FanEngagement survey, 53% of social media sports fans would make sucha purchase.

A) Suppose that the survey had a sample size of n=500. Constructa 95% confidence interval estimate for the population proportion ofsocial media sports fans that would more likely purchase a brandmentioned by an athlete on a social media site.

B) Based on (a), can you claim that more than half of all socialmedia sports fans would more likely purchase a brand mentioned byan athlete on a social media site?

C) Repeat parts (a) and (b), assuming that the survey had asample size of n=5,000.

D) Discuss the effect of sample size on confidence intervalestimation.

Answer & Explanation Solved by verified expert
3.7 Ratings (314 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Compare contrast the four different types of heart pumps in terms of driver, flow, indication, advantages...

Advance Math
1.2K views

for the matrix, A= [1 2 -1; 2 3 1; -1 -1 -2; 3 5...

Finance
1.2K views

You just got hired at a brand new hospital as a financial analyst and the Board...

Biology
1.2K views

A variety of methods can be used to sample populations to determine their size and...

Basic Math
1.2K views

Find the slope of a line that has these points 1 3 2 4 8...

Basic Math
1.2K views

A jet travels 3870 miles against the wind in 6 hours and 4710 miles with...

Calculus
1.2K views

plane is flying with an airspeed of 180 miles per hour with a heading of...

Calculus
1.2K views

Choose ALL of the following that are equivalent to a Pythagorean identity Select 6 correct...

Algebra
1.2K views

Factor the expression completely 7x 7x 84 7x 7x 84

Algebra
1.2K views

inner products T a u v where u 12 T v 5 b x y...

Accounting
1.2K views

1 Check my work 10 points Exercise 7-14(Algo) Aging of receivables method LO P3...

Accounting
1.2K views

5. The Following data are for the month of April for the Action Company, a...