In a marketing survey, a random sample of 1002 supermarket shoppers revealed that 270 always stock up on an item when they find that item at a real bargain price. (a) Let p represent the proportion of all supermarket shoppers who always stock up on an item when they find a real bargain. Find a point estimate for p. (Use 3 decimal places.) (b) Find a 90% confidence interval for p. (Use 3 decimal places.) lower limit upper limit (c) What is the margin of error based on a 90% confidence interval? (Use 3 decimal places
In a marketing survey, a random sample of 1002 supermarket shoppers revealed that 270 always stock up on an item when they find that item at a real bargain price. (a) Let p represent the proportion of all supermarket shoppers who always stock up on an item when they find a real bargain. Find a point estimate for p. (Use 3 decimal places.) (b) Find a 90% confidence interval for p. (Use 3 decimal places.) lower limit upper limit (c) What is the margin of error based on a 90% confidence interval? (Use 3 decimal places
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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In a marketing survey, a random sample of 1002 supermarket shoppers revealed that 270 always stock up on an item when they find that item at a real bargain price.
(a) Let p represent the proportion of all supermarket shoppers who always stock up on an item when they find a real bargain. Find a point estimate for p. (Use 3 decimal places.)
(b) Find a 90% confidence interval for p. (Use 3 decimal places.)
(c) What is the margin of error based on a 90% confidence interval? (Use 3 decimal places.)
(b) Find a 90% confidence interval for p. (Use 3 decimal places.)
lower limit | |
upper limit |
(c) What is the margin of error based on a 90% confidence interval? (Use 3 decimal places.)
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