A business was interested in estimating the proportion of customers that came back within one week. They took a random sample of 100 customers and found that the 95% confidence interval was (0.15, 0.24). Complete the following conclusion. "We are 95% confident that the | Select] back within one week is [Selec [Select] population sample proportion of customers who cam
A business was interested in estimating the proportion of customers that came back within one week. They took a random sample of 100 customers and found that the 95% confidence interval was (0.15, 0.24). Complete the following conclusion. "We are 95% confident that the | Select] back within one week is [Selec [Select] population sample proportion of customers who cam
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
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![A business was interested in estimating the proportion of customers that came back within one
week. They took a random sample of 100 customers and found that the 95% confidence interval
was (0.15, 0.24). Complete the following conclusion.
"We are 95% confident that the [Select]
back within one week is [Select [Select]
population
sample
proportion of customers who came](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F16ae80a1-e1d5-43ac-ac08-1553481b35fc%2F0c06aceb-1f29-44f4-9a5c-b90229d01c92%2Fic5yr2_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A business was interested in estimating the proportion of customers that came back within one
week. They took a random sample of 100 customers and found that the 95% confidence interval
was (0.15, 0.24). Complete the following conclusion.
"We are 95% confident that the [Select]
back within one week is [Select [Select]
population
sample
proportion of customers who came
Expert Solution

Step 1: Given information
Given the 95% confidence interval for proportion is (0.15,0.24)
want to comment on the confidence interval
Step by step
Solved in 3 steps

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