To devise effective marketing strategies it is helpful to know the characteristics of your customers. A study compared the demographic characteristics of people who use the Internet for travel arrangements. Of 932 Internet users, 543 had completed college. (a) Find a 95% confidence interval for the proportion of people who use the Internet for travel arrangements, and have a college degree. (b) Can you conclude from this study that the majority of people who use the Internet for travel arrangements own a college degree? Justify your answer using the confidence interval computed in (a).
To devise effective marketing strategies it is helpful to know the characteristics of your customers. A study compared the demographic characteristics of people who use the Internet for travel arrangements. Of 932 Internet users, 543 had completed college. (a) Find a 95% confidence interval for the proportion of people who use the Internet for travel arrangements, and have a college degree. (b) Can you conclude from this study that the majority of people who use the Internet for travel arrangements own a college degree? Justify your answer using the confidence interval computed in (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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
Transcribed Image Text:To devise effective marketing strategies it is helpful to know the characteristics of your
customers. A study compared the demographic characteristics of people who use the
Internet for travel arrangements. Of 932 Internet users, 543 had completed college.
(a) Find a 95% confidence interval for the proportion of people who use the Internet
for travel arrangements, and have a college degree.
(b) Can you conclude from this study that the majority of people who use the Internet
for travel arrangements own a college degree? Justify your answer using the
confidence interval computed in (a).
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