PLEASE HELP ME ASAP Based on a poll of 1000 residents, a newspaper article claims that 62% of the residents in town favor the development of a recreational park on the west side of town. A community action group interested in preserving the environment claims that 45% of the town’s residents favor the development of a recreational park.

To determine whether the sample supports the population proportion, a simulation of 100 trials is run, each with a sample of 200, using the point estimate of the population. The minimum sample proportion from the simulation is 0.46 and the maximum sample proportion is 0.76.

What is the point estimate of the population?

The margin of error of the population proportion is found using an estimate of the standard deviation. What is the interval estimate of the true population proportion?

The margin of error of the population proportion is found using the half the range.

What is the interval estimate of the true population proportion?

Is the community action group’s claim likely based on either interval estimate of the true population proportion? Explain.



(Score for Question 3: ___ of 10 points)

Solve the system of equations. Show your work.

y=x^2-3x+4
x+y=4

Jobs and productivity! how do retail stores rate? one way to answer this question is to examine annual profits per employee. the following data give annual profits per employee (in units of 1 thousand dollars per employee) for companies in retail sales. assume σ ≈ 4.0 thousand dollars. 3.7 6.7 3.6 8.5 7.5 5.9 8.7 6.4 2.6 2.9 8.1 −1.9 11.9 8.2 6.4 4.7 5.5 4.8 3.0 4.3 −6.0 1.5 2.9 4.8 −1.7 9.4 5.5 5.8 4.7 6.2 15.0 4.1 3.7 5.1 4.2 (a) use a calculator or appropriate computer software to find x for the preceding data. (round your answer to two decimal places.) thousand dollars per employee (b) let us say that the preceding data are representative of the entire sector of retail sales companies. find an 80% confidence interval for μ, the average annual profit per employee for retail sales. (round your answers to two decimal places.) lower limit -- thousand dollars upper limit -- thousand dollars (c) let us say that you are the manager of a retail store with a large number of employees. suppose the annual profits are less than 3 thousand dollars per employee. do you think this might be low compared with other retail stores? explain by referring to the confidence interval you computed in part (b). yes. this confidence interval suggests that the profits per employee are less than those of other retail stores. no. this confidence interval suggests that the profits per employee do not differ from those of other retail stores. correct: your answer is correct. (d) suppose the annual profits are more than 6.5 thousand dollars per employee. as store manager, would you feel somewhat better? explain by referring to the confidence interval you computed in part (b). yes. this confidence interval suggests that the profits per employee are greater than those of other retail stores. no. this confidence interval suggests that the profits per employee do not differ from those of other retail stores. (e) find an 95% confidence interval for μ, the average annual profit per employee for retail sales. (round your answers to two decimal places.) lower limit 3.75 incorrect: your answer is incorrect. thousand dollars upper limit 6.41 incorrect: your answer is incorrect. thousand dollars