MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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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.)
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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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