A marketing research company needs to estimate which of two medical plans its employees prefer. A random sample of n employees produced the 98% confidence interval (0.366,0.526) for the proportion of employees who prefer plan A. Identify the point estimate for estimating the true proportion of employees who prefer that plan. O A. 0.526 O B. 0.446 O C. 0.366 O D. 0.8

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
Pls help
A marketing research company needs to estimate which of two medical plans its employees prefer. A random sample of n employees produced the 98% confidence
interval (0.366,0.526) for the proportion of employees who prefer plan A. Identify the point estimate for estimating the true proportion of employees who prefer that
plan.
O A. 0.526
B. 0.446
OC. 0.366
O D. 0.8
O O O C
Transcribed Image Text:A marketing research company needs to estimate which of two medical plans its employees prefer. A random sample of n employees produced the 98% confidence interval (0.366,0.526) for the proportion of employees who prefer plan A. Identify the point estimate for estimating the true proportion of employees who prefer that plan. O A. 0.526 B. 0.446 OC. 0.366 O D. 0.8 O O O C
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
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