Trends in fashion have signaled the emergence of green as the colorof the century. It ranked third as the most preferred color amongdesigners having a market share of 9.24%. Its popularity may bepartially due to an increased interest in the environment. Besides,"Green symbolizes harmony and counteracts emotional stress."A random sample of 250 local designers were interviewed and asked about theirpreferred color.Suppose the sample yields the 95% confidence interval0.0825 < p < 0.1315Does this provide evidence to indicate that the proportion of local designers whopreferred the color green is different from 9.24%?O Yes, since 9.24% < 13.15%O No, since 9.24% is within the confidence interval.O Yes, since 9.24% is within the confidence interval.Yes, since 9.24% > 8.25%.

Given : Lower Bound = 0.0825 = 8.25% Upper Bound = 0.1315 = 13.15%

Answered: Trends in fashion have signaled the…

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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