Question: Shopping on Black Friday. Refer to the International Journal of Retail and Distribution Management (Vol. 39, 2011) survey of Black Friday shoppers, Exercise 6.16 (p. 340). One question was, “How many hours do you usually spend shopping on Black Friday?”

a. How many Black Friday shoppers should be included in a sample designed to estimate the average number of hours spent shopping on Black Friday if you want the estimate to deviate no more than 0.5 hours from the true mean?

b. Devise a sampling plan for collecting the data that will likely result in a representative sample.

Short Answer

Expert verified

a. The Black Friday shoppers should be included in a sampledesigned to estimate the average number of hours spent shopping on Black Friday is 117.

b. The required sampling plan is, to select various stores from various locations. Then choose the shoppers from the stores and then collect the data from the selected shoppers.

Step by step solution

01

Given Information

The required data set mentioned in Exercise 6.16 is,

02

Compute the standard deviation

The standard deviation can be calculated b

03

Compute the value

Let the confidence level be 0.95

04

(a) Compute the sample size

The formula used for obtaining the sample size is,

Where SE is the sampling error, here the sampling error is 0.5 hours.

The value of is usually unknown. It can be estimated by the standard deviation, s from the prior sample

The sample size is calculated as

Hence, the Black Friday shoppers should be included in a sampledesigned to estimate the average number of hours spent shopping on Black Friday is 117.

05

5: (b) State the sampling plan.

The sampling plan for collecting the data results in a representative of the entire sample will vary. One such plan is given below:

First, select various stores from a variety of locations. Then choose the shoppers from the stores and collect the data from the selected shoppers.

This sample would result in a representative of the entire population.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

Radon exposure in Egyptian tombs. Refer to the Radiation Protection Dosimetry (December 2010) study of radon exposure in tombs carved from limestone in the Egyptian Valley of Kings, Exercise 6.30 (p. 349). The radon levels in the inner chambers of a sample of 12 tombs were determined, yielding the following summary statistics: x¯=3643Bq/m3and s=4487Bq/m3. Use this information to estimate, with 95% confidence, the true standard deviation of radon levels in tombs in the Valley of Kings. Interpret the resulting interval.

Cell phone use by drivers. Studies have shown that driverswho use cell phones while operating a motor passenger vehicleincrease their risk of an accident. Nevertheless, driverscontinue to make cell phone calls whiledriving. A June2011 Harris Pollof 2,163 adults found that 60% (1,298adults) use cell phones while driving.

  1. Give a point estimate of p,the true driver cell phone use rate (i.e., the proportion of all drivers who are usinga cell phone while operating a motor passengervehicle).
  2. Find a 95% confidence interval for p.
  3. Give a practical interpretation of the interval, part b.
  4. Determine the margin of error in the interval if thenumber of adults in the survey is doubled.

Findχα22andχ1-α22from Table IV, Appendix D, for each of the following:

a. n = 10, = .05

b. n = 20, = .05

c. n = 50, = .01

Suppose you want to estimate a population mean,μ,and,x¯=422,s=14,N=375andn=40.Find an approximate 95% confidence interval forμ.

Suppose N= 10,000, n= 2,000, and s= 50.

a. Compute the standard error of xusing the finite populationcorrection factor.

b. Repeat part a assuming n= 4,000.

c. Repeat part a assuming n= 10,000.

d. Compare parts a, b, and c and describe what happens to the standard error of xas nincreases.

e. The answer to part c is 0. This indicates that there is no sampling error in this case. Explain.

See all solutions

Recommended explanations on Math Textbooks

View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free