6. The telephone company wants to estimate the proportion of households that would purchase an additional telephone line if it were made available at a substantially reduced installation cost. A random sample of 500 households is selected. The results indicate that 135 of the households would purchase the additional telephonē line at a reduced installation cost. a. Construct a 99% confidence interval estimate of the population proportion of households that would purchase the additional telephone line. b. How would the manager in charge of promotional programs concerning residential customers use the results found in 6.a.?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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6. The telephone company wants to estimate the proportion of households that would purchase an
additional telephone line if it were made available at a substantially reduced installation cost. A
random sample of 500 households is selected. The results indicate that 135 of the households
would purchase the additional telephonē line at a reduced installation cost.
a. Construct a 99% confidence interval estimate of the population proportion of households that
would purchase the additional telephone line.
b. How would the manager in charge of promotional programs concerning residential customers
use the results found in 6.a.?
Transcribed Image Text:6. The telephone company wants to estimate the proportion of households that would purchase an additional telephone line if it were made available at a substantially reduced installation cost. A random sample of 500 households is selected. The results indicate that 135 of the households would purchase the additional telephonē line at a reduced installation cost. a. Construct a 99% confidence interval estimate of the population proportion of households that would purchase the additional telephone line. b. How would the manager in charge of promotional programs concerning residential customers use the results found in 6.a.?
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