A car dealer plans to take a customer satisfaction survey with a sample size of 100 customers. Assume that p = 0.50 is the probability that a randomly selected customer is satisfied. Use the sampling distribution of the proportion to find a range that approximately 95% of random samples should fall between. Assume that p = 0.80 is the probability that a randomly selected customer is satisfied. Use the sampling distribution of the proportion to find a range that approximately 95% of random samples should fall between. The car dealer finds that 75/100 customers are satisfied. Based on this sample, which assumption was more realistic: p = 0.50 or p = 0.80 ? Explain your reasoning.
A car dealer plans to take a customer satisfaction survey with a sample size of 100 customers. Assume that p = 0.50 is the probability that a randomly selected customer is satisfied. Use the sampling distribution of the proportion to find a range that approximately 95% of random samples should fall between. Assume that p = 0.80 is the probability that a randomly selected customer is satisfied. Use the sampling distribution of the proportion to find a range that approximately 95% of random samples should fall between. The car dealer finds that 75/100 customers are satisfied. Based on this sample, which assumption was more realistic: p = 0.50 or p = 0.80 ? Explain your reasoning.
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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- A car dealer plans to take a customer satisfaction survey with a
sample size of 100 customers.- Assume that p = 0.50 is the probability that a randomly selected customer is satisfied. Use the sampling distribution of the proportion to find a
range that approximately 95% of random samples should fall between. - Assume that p = 0.80 is the probability that a randomly selected customer is satisfied. Use the sampling distribution of the proportion to find a range that approximately 95% of random samples should fall between.
- The car dealer finds that 75/100 customers are satisfied. Based on this sample, which assumption was more realistic: p = 0.50 or p = 0.80 ? Explain your reasoning.
- Assume that p = 0.50 is the probability that a randomly selected customer is satisfied. Use the sampling distribution of the proportion to find a
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