Lori Jeffrey is a successful sales representative for a major publisher of colle

iohanetc

iohanetc

Answered question

2021-10-03

Lori Jeffrey is a successful sales representative for a major publisher of college textbooks. Historically, Lori obtains a book adoption on 36% of her sales calls. Viewing her sales calls for one month asa sample of all possible sales calls, assume that a statistical analysis of the data yields a standard error of the proportion of 0.08. 
(1) How large was the sample used in this analysis? That is, how many sales calls did Lori make during the month? 
(2) Using the sampling distribution of P, compute the probability that Lori will obtain book adoptions on 46% or more of her sales calls during a one-month period. (Round your answer to four decimal places.)

Answer & Explanation

Layton

Layton

Skilled2021-10-04Added 89 answers

Given:
Sample proportion, p=0.36
Standard error =0.08
1) The sample size must be determined (n).
Now, standard error is given by-
Standard error =p(1p)n
0.08=0.36(10.36)n
n=36
Therefore, the sample size (n)=36.
That means 36 sales calls Lori make during the month.
2)
Now, we have to find the probability that Lori will obtain book adoptions on 46% or more of her sales calls during a one-month period-
P(x0.46) is-
P(x0.46)=P(z0.460.360.08)
P(x0.46)=P(z1.25)
P(z1.25)=1P(z<1.25)
P(z1.25)=10.8944=0.1057
Hence, the probability that Lori will obtain book adoptions on 46% or more of her sales calls during a one-month period is 0.1057.

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