6) A small business owner you follow on TikTok is SO EXCITED because last month, she was able to beginselling her product in a popular chain store around the nation. Her contract with the chain store says that at anytime, there will be at least 20 of her products sitting out on the shelves. She wants to conduct a survey to see ifthat is true. She visits 5 of the local chain stores around her and records the number of products of hers that areon the shelves. She will then construct a 95% confidence interval to determine the mean number of products onthe shelves for all of the stores.(a) Discuss whether this study meets the each of the conditions for constructing a confidence interval. If one ofthe conditions has not been met, what additional information would be required or what change in the studywould you recommend?(b) If, instead of constructing a 95% confidence interval, the business owner constructed a 98% confidenceinterval, would the 98% interval be wider, narrower, or the same width as the 95% interval? Explain.(c) How would the width of confidence interval change if she took a larger sample? Explain.

The essential conditions for constructing a confidence interval are as follows: The sample should…

Answered: 6) A small business owner you follow on…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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