An online retailer would like to study the repurchase intention of their Customers. The shop has then surveyed its selected customers. The results have shown that 49 out of 100 of the surveyed customers showed their intention of online repurchasing the products of the shop. a) Construct a 95% confidence interval to estimate the population proportion of customers who has an online repurchase intention towards the products of the shop. b) At a 0.01 significance level, is there any evidence that less than 55% of all the customers will have online repurchase intention towards the products of the shop?
An online retailer would like to study the repurchase intention of their Customers. The shop has then surveyed its selected customers. The results have shown that 49 out of 100 of the surveyed customers showed their intention of online repurchasing the products of the shop. a) Construct a 95% confidence interval to estimate the population proportion of customers who has an online repurchase intention towards the products of the shop. b) At a 0.01 significance level, is there any evidence that less than 55% of all the customers will have online repurchase intention towards the products of the shop?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:An online retailer would like to study the repurchase intention of their
Customers. The shop has then surveyed its selected customers. The results have
shown that 49 out of 100 of the surveyed customers showed their intention of
online repurchasing the products of the shop.
a) Construct a 95% confidence interval to estimate the population
proportion of customers who has an online repurchase intention towards
the products of the shop.
b) At a 0.01 significance level, is there any evidence that less than 55% of all
the customers will have online repurchase intention towards the products
of the shop?
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