Trends in fashion have signaled the emergence of green as the colorof the century. It ranked third as the most preferred color amongdesigners having a market share of 9.24%. Its popularity may bepartially due to an increased interest in the environment. Besides,"Green symbolizes harmony and counteracts emotional stress."A random sample of 250 local designers were interviewed and asked about theirpreferred color. Results showed that 27 preferred the color green.Construct a 95% confidence interval for the true proportion oflocal designers who preferred the color green.O 0.0623 < p < 0.15370.1537 < p < 0.0623O 0.1465 < p < 0.0695O 0.0695 < p < 0.1465

Solution:- from given information x=27n=250

Answered: A random sample of 250 local designers…

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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A random sample of 250 local designers were interviewed and asked about their preferred color. Results showed that 27 preferred the color green. Construct a 95% confidence interval for the true proportion of local designers who preferred the color green.