Suppose the marketing company did a survey. They randomly surveyed 145 households and found that in 42of them, the woman made the majority of the purchasing decisions. We are interested in the populationproportion of households where women make the majority of the purchasing decisions.What is the mamberof househotds where women make the majority of purehasing deeisions?b What is the number of househotds surveyed?sWhat is the sample proportion?(Round to four decimal places)d) What is the sampling distribution standard deviation?(Round to four decimal places)e) What is the critical Z score for 92% confidence interval?(Round to 2 decimal places).f) What is the Error Bound or Margin of Error?(Round to four decimal places)g) What is the Lower and Upper bound values for the 92% confidence interval?] (Round to four decimal places)

Solution As per guidelines we answer the three subparts only.

Answered: Suppose the marketing company did a…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Suppose the marketing company did a survey. They randomly surveyed 145 households and found that in 42 of them, the woman made the majority of the purchasing decisions. We are interested in the population proportion of households where women make the majority of the purchasing decisions.