ome to the showing or not. Of the 59 patrons, 19 said that they would come to see the film. Construct a % confidence interval to determine the true proportion of all patrons who would be interested in ttending the showing. ) What is the point estimate for the true proportion of interested patrons? (please input a proportion Iccurate to four decimal places) p) Complete the interpretation of the confidence interval. Please provide the bounds for the confidence interval in decimal form, accurate to four decimal places, and list the lower bound first. "We are % confident that the true proportion of patrons interested in attending and the showing of Mac and Me is between c) The theater is only willing to show Mac and Me if they are confident that at least 40% of their patrons would be interested in seeing the film. Should they show it? |?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Pp# 9: can you help me solve and understand this practice problem please? A step by step explanation would be appreciated. Thank you!
At the movies: A movie theater is considering a showing of Mac and Me for a 80's thowback night. In order
to ensure the success of the evening, they've asked a random sample of 59 patrons whether they would
come to the showing or not. Of the 59 patrons, 19 said that they would come to see the film. Construct a
99% confidence interval to determine the true proportion of all patrons who would be interested in
attending the showing.
a) What is the point estimate for the true proportion of interested patrons? (please input a proportion
accurate to four decimal places)
b) Complete the interpretation of the confidence interval. Please provide the bounds for the confidence
interval in decimal form, accurate to four decimal places, and list the lower bound first.
"We are
% confident that the true proportion of patrons interested in attending
and
the showing of Mac and Me is between
c) The theater is only willing to show Mac and Me if they are confident that at least 40% of their patrons
would be interested in seeing the film. Should they show it?
Transcribed Image Text:At the movies: A movie theater is considering a showing of Mac and Me for a 80's thowback night. In order to ensure the success of the evening, they've asked a random sample of 59 patrons whether they would come to the showing or not. Of the 59 patrons, 19 said that they would come to see the film. Construct a 99% confidence interval to determine the true proportion of all patrons who would be interested in attending the showing. a) What is the point estimate for the true proportion of interested patrons? (please input a proportion accurate to four decimal places) b) Complete the interpretation of the confidence interval. Please provide the bounds for the confidence interval in decimal form, accurate to four decimal places, and list the lower bound first. "We are % confident that the true proportion of patrons interested in attending and the showing of Mac and Me is between c) The theater is only willing to show Mac and Me if they are confident that at least 40% of their patrons would be interested in seeing the film. Should they show it?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman