What Is the Width of a 99% Confidence Interval for the Population

question 86

Short Answer

What is the width of a 99% confidence interval for the population proportion of people that own more than one mobile phone, if a random sample of 50 people was taken, and 10 of these had more than one mobile phone?

Understand Adam Smith's perspective on the benefits of international trade and its implications for supply chain management.

Analyze the relationship between offshoring decisions and production characteristics such as volume, variety, and labor content.

Know the principles of network design in global supply chains and how different designs affect flexibility and performance.

Understand the role of cash flow duration changes and information flow adjustments in global supply chains.

---

Definitions:

Endocrine System

A network of glands in the body that produces and secretes hormones directly into the bloodstream to regulate the body's growth, metabolism, and sexual development and function.

Peripheral

Relating to or situated on the edge or periphery of something.

Somatic Nervous System

The part of the peripheral nervous system that handles voluntary control of body movements via skeletal muscles.

Autonomic Nervous System

A division of the peripheral nervous system that controls involuntary functions, such as heartbeat and digestion.