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 99% confidence interval estimate for the population proportion of households that would purchase the additional telephone line.
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 99% confidence interval estimate for the population proportion of households that would purchase the additional telephone line.
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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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 99% confidence
for the population proportion of households that would purchase the additional telephone
line.
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