You are the operations manager for an airline and you are considering a higher fare level for passengers in aisle seats. How many randomly selected air passengers must you survey? Assume that a prior survey suggests that about 22% of air passengers prefer an aisle seat. Assume that you want to be 98% confident that the sample percentage is within 5.1 percentage points of the true population percentage.

358 randomly selected air passengers must be surveyed.

Step-by-step explanation:

In a sample with a number n of people surveyed with a probability of a success of , and a confidence level of , we have the following confidence interval of proportions.

In which

z is the zscore that has a pvalue of .

The margin of error is given by:

98% confidence level

So , z is the value of Z that has a pvalue of , so .

Assume that a prior survey suggests that about 22% of air passengers prefer an aisle seat.

This means that

How many randomly selected air passengers must you survey?

We need a sample of n, and n is found for which . So

Rounding up

358 randomly selected air passengers must be surveyed.

im pretty sure its

(8,15)

step-by-step explanation:

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%