A company polls recent customers on their intent to repurchase. It achieves a response rate of 128. Of the respondents, 58% say they plan to repurchase. What is the minimum level of repurchase based on a 95% confidence interval? (i.e., the lower bound of the 95% confidence interval) Enter your answer as a decimal to 3 decimal places.
A company polls recent customers on their intent to repurchase. It achieves a response rate of 128. Of the respondents, 58% say they plan to repurchase. What is the minimum level of repurchase based on a 95% confidence interval? (i.e., the lower bound of the 95% confidence interval) Enter your answer as a decimal to 3 decimal places.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Transcribed Image Text:A company polls recent customers on their intent to
repurchase. It achieves a response rate of 128. Of the
respondents, 58% say they plan to repurchase. What
is the minimum level of repurchase based on a 95%
confidence interval? (i.e., the lower bound of the 95%
confidence interval) Enter your answer as a decimal to
3 decimal places.
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