MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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8.28 A cellphone provider has the business objective of wanting to estimate the proportion of subscribers who would upgrade to a new
cellphone with improved features if it were made available at a substantially reduced cost. Data are collected from a random sample of 500
subscribers. The results indicate that 135 of the subscribers would upgrade to a new cellphone at a reduced cost.
a. Construct a 99% confidence interval estimate for the popula-tion proportion of subscribers that would upgrade to a new cell-phone at a
reduced cost.
b. How would the manager in charge of promotional programs use the results in (a)?
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Transcribed Image Text:8.28 A cellphone provider has the business objective of wanting to estimate the proportion of subscribers who would upgrade to a new cellphone with improved features if it were made available at a substantially reduced cost. Data are collected from a random sample of 500 subscribers. The results indicate that 135 of the subscribers would upgrade to a new cellphone at a reduced cost. a. Construct a 99% confidence interval estimate for the popula-tion proportion of subscribers that would upgrade to a new cell-phone at a reduced cost. b. How would the manager in charge of promotional programs use the results in (a)?
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