QUESTION 14 The telephone company has the business objective of wanting to estimate the proportion of households that would purchase an additional telephone line if it were made available at a substantially reduced installation cost. Data are collected from a random sample of 500 households. The results indicate that 135 of the households would purchase the additional telephone line at a reduced installation cost. Construct a 90% confidence interval for the population proportion of households that would purchase the additional telephone line. Da. (0.693, 0.759) b.(0.232, 0.311) C (0.237, 0.303) Od.(0.231, 0.309)

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
QUESTION 14
The telephone company has the business objective of wanting to estimate the proportion of households that would
purchase an additional telephone line if it were made available at a substantially reduced installation cost. Data are
collected from a random sample of 500 households. The results indicate that 135 of the households would purchase
the additional telephone line at a reduced installation cost.
Construct a 90% confidence interval for the population proportion of households that would purchase the additional
telephone line.
Da. (0.693, 0.759) O b.(0.232, 0.311) Oc. (0.237, 0.303) O d. (0.231, 0.309)
Transcribed Image Text:QUESTION 14 The telephone company has the business objective of wanting to estimate the proportion of households that would purchase an additional telephone line if it were made available at a substantially reduced installation cost. Data are collected from a random sample of 500 households. The results indicate that 135 of the households would purchase the additional telephone line at a reduced installation cost. Construct a 90% confidence interval for the population proportion of households that would purchase the additional telephone line. Da. (0.693, 0.759) O b.(0.232, 0.311) Oc. (0.237, 0.303) O d. (0.231, 0.309)
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
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