An advertising agency wants to estimate the response rate for a new flyer. The agency sent the flyer to 100 randomly selected people and received 12 orders. a. What is the point estimate for the population proportion? b. What is the standard error of the proportion? c. Find 94% confidence interval for the percentage of those people who will place an order.

An advertising agency wants to estimate the response rate for a new flyer. The agency sent the flyer to 100 randomly selected people and received 12 orders. a. What is the point estimate for the population proportion? b. What is the standard error of the proportion? c. Find 94% confidence interval for the percentage of those people who will place an order.

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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Question

An advertising agency wants to estimate the response rate for a new flyer. The agency sent the flyer to 100 randomly selected people and received 12 orders.

a. What is the point estimate for the population proportion?

b. What is the standard error of the proportion?

c. Find 94% confidence interval for the percentage of those people who will place an order.

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Step 4: c) Finding confidence interval

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