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September 18, 2014

Homework Help: statistics

Posted by michel on Thursday, April 4, 2013 at 9:53am.

. In his management information systems textbook, Professor David Kroenke raises an interesting point: “If 98% of our market has Internet access, do we have a responsibility to provide non-Internet materials to that other 2%? Suppose that 98% of the customers in your market do have Internet access, and you select a random sample of 500 customers with a standard error of the mean of .006261. What is the probability that the sample has
a. Greater than 99% of the customers with internet access?
b. Between 97% and 99% of the customers with Internet access?
c. Fewer than 97% of the customers with Internet access?

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