The Nile Superstore is conducting a survey of consumer preferences for a new wireless e-book reader.A sample of 150 people reveals that 122 would buy the new reader. What is the 87% confidence interval for the population proportion of people that would buy the new e-book reader?The Nile Superstore wants to test the claim less than 82% of their customers would buy the new e-reader. Conduct a hypothesis test to see if you can prove that less than 82% of their customers would make this purchase (use alpha=0.04).Use Excel and show all formulas used to answer these questions!

Sample size n =150 Favorable cases x =122 Sample proportion p=x/n =122/150 =0.8133 2): Hypothesis…

Answered: What is the 87% confidence interval for…

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The Nile Superstore is conducting a survey of consumer preferences for a new wireless e-book reader.

A sample of 150 people reveals that 122 would buy the new reader.

What is the 87% confidence interval for the population proportion of people that would buy the new e-book reader?
The Nile Superstore wants to test the claim less than 82% of their customers would buy the new e-reader. Conduct a hypothesis test to see if you can prove that less than 82% of their customers would make this purchase (use alpha=0.04).

Use Excel and show all formulas used to answer these questions!

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