Polling Organization

Question

You have hired a polling organization to take a simple random sample from a box of 200,000 tickets and estimate the percentage of 1s in the box. Unknown to them, the box contains 50% 0s and 50% 1s. How far off should you expect them to be if they draw 50,000 tickets?
Answer
a.
1.50%
b.
0.17%
c.
0.20%
d.
0.23%
e.
0.19%

Question

You are using a significance level of á = 0.05 to test a claim that p > 0.5. Your sample is a simple random sample of size n = 49. Calculate β for the test, assuming that the true population proportion is 0.7 and showing all work.

Question

 Describe several situations, imagined or actual, where good policy intentions could work in your favor or could go astray. In your overall estimation, should there be more or less government presence on the internet? Give some concrete examples, especially in business situations. Use real-life examples where possible.