A marketing manager must decide on the size of the survey sample to be used in order to estimate the proportion of customers who are aware of her brand. She wishes to estimate this proportion to within 7 percentage points with 95% confidence. If the manager guesses that the proportion of aware customers is roughly 21%, what is the size of the sample that must be used? 131 ? X 0% Assume that 4700 customers were sampled, and that the sample proportion of aware customers was found to be 29%. Construct a 95% confidence interval for the population proportion of aware customers. CIlowerbound .2659 CI upperbound .314 ? X 0% ? X 0%

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
A marketing manager must decide on the size of the survey
sample to be used in order to estimate the proportion of
customers who are aware of her brand. She wishes to estimate
this proportion to within 7 percentage points with 95%
confidence.
If the manager guesses that the proportion of aware customers
is roughly 21%, what is the size of the sample that must be
used?
131
?
CIlowerbound .2659
CIupperbound .314
Assume that 4700 customers were sampled, and that the
sample proportion of aware customers was found to be 29%.
Construct a 95% confidence interval for the population
proportion of aware customers.
X 0%
? × 0%
?
X 0%
Transcribed Image Text:A marketing manager must decide on the size of the survey sample to be used in order to estimate the proportion of customers who are aware of her brand. She wishes to estimate this proportion to within 7 percentage points with 95% confidence. If the manager guesses that the proportion of aware customers is roughly 21%, what is the size of the sample that must be used? 131 ? CIlowerbound .2659 CIupperbound .314 Assume that 4700 customers were sampled, and that the sample proportion of aware customers was found to be 29%. Construct a 95% confidence interval for the population proportion of aware customers. X 0% ? × 0% ? X 0%
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 3 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman