For this problem, carry at least four digits after the decimal in your calculations. Answers may vary slightly due to rounding.In a marketing survey, a random sample of 728 women shoppers revealed that 630 remained loyal to their favorite supermarket during the past year (i.e., did not switch stores). (a) Let p represent the proportion of all women shoppers who remain loyal to their favorite supermarket. Find a point estimate for p. (Round your answer to four decimal places.)(b) Find a 95% confidence interval for p. (Round your answers to three decimal places.) lower limit upper limit
For this problem, carry at least four digits after the decimal in your calculations. Answers may vary slightly due to rounding.In a marketing survey, a random sample of 728 women shoppers revealed that 630 remained loyal to their favorite supermarket during the past year (i.e., did not switch stores). (a) Let p represent the proportion of all women shoppers who remain loyal to their favorite supermarket. Find a point estimate for p. (Round your answer to four decimal places.)(b) Find a 95% confidence interval for p. (Round your answers to three decimal places.) lower limit upper limit
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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For this problem, carry at least four digits after the decimal in your calculations. Answers may vary slightly due to rounding.
In a marketing survey, a random sample of 728 women shoppers revealed that 630 remained loyal to their favorite supermarket during the past year (i.e., did not switch stores).
(a) Let p represent the proportion of all women shoppers who remain loyal to their favorite supermarket. Find a point estimate for p. (Round your answer to four decimal places.)
(b) Find a 95% confidence interval for p. (Round your answers to three decimal places.)
(b) Find a 95% confidence interval for p. (Round your answers to three decimal places.)
lower limit | |
upper limit |
Expert Solution
Step 1
A.
It is given that, 630 of the sampled shoppers remained loyal to the supermarket out of the 728 women shoppers.
Thus, x= 630 and n = 728.
The point estimate of the proportion of all women shoppers who remained loyal to their favourite supermarket is calculated as follows:
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