part 2 – An entertainment company owns and operates movie theaters in Wyoming. The president of th

part 2 – An entertainment company owns and operates movie theaters in Wyoming. The president of the company is concerned that film rentals are hurting the business. They directed a staff member to estimate the total number of films rented by households in wyoming in a particular month. A phone survey involving a random sample of 300 homes was conducted with the following results – xbar = 2.4 films. Sx = 1.6 films. Then the 90% confidence interval estimate for the total number of films rented by the 211,000 households in that particular month is? Part 2 – The president of the company is uncomfortable with the precision of the estimates derived for the sample mean. They are not willing to tolerate a very large error. e = .04, how large would the sample size have to be if they specify a 98% confidence level? Jason — Please note that for them. Once YOU have come up with what YOU think the answers are and why, please re-post and let us know what you think. Then someone here will be happy to critique your work. =)

 

Looking for a Similar Assignment? Let us take care of your classwork while you enjoy your free time! All papers are written from scratch and are 100% Original. Try us today!