An entrepreneur has developed a new GPS device that can help people find their lost personal items in their homes or outside. The entrepreneur is interested in demonstrating the ability of the device to locate lost items. Which of the following claims would be appropriate for this situation? Select only one answer choice. Select the correct answer below:   80% of people who come across the device will want to buy it.   The device is nearly perfectly accurate in locating lost personal items when used according to the directions.   The device can locate 99% of lost personal items when used according to the directions.   The device is better in locating lost personal items than any other device in the market.

icon
Related questions
Question

An entrepreneur has developed a new GPS device that can help people find their lost personal items in their homes or outside. The entrepreneur is interested in demonstrating the ability of the device to locate lost items. Which of the following claims would be appropriate for this situation? Select only one answer choice.

Select the correct answer below:

 

80% of people who come across the device will want to buy it.

 

The device is nearly perfectly accurate in locating lost personal items when used according to the directions.

 

The device can locate 99% of lost personal items when used according to the directions.

 

The device is better in locating lost personal items than any other device in the market.

 
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Point Estimation, Limit Theorems, Approximations, and Bounds
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.