17. Catalog sales. A catalog sales company promises to deliver orders placed on the Internet within 3

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17. Catalog sales. A catalog sales company promises to deliver orders placed on the Internet within 3 days. Followup calls to a few randomly selected customers show that a 95% confidence interval for the proportion of all orders that arrive on time is 88% 6%. What does this mean?

Are the conclusions in parts a–e correct? Explain.

a) Between 82% and 94% of all orders arrive on time.

b) 95% of all random samples of customers will show that 88% of orders arrive on time.

c) 95% of all random samples of customers will show that 82% to 94% of orders arrive on time.

d) The company is 95% sure that between 82% and 94%

of the orders placed by the customers in this sample arrived on time.

e) On 95% of the days, between 82% and 94% of the orders will arrive on time.

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Business Statistics

ISBN: 9780321716095

2nd Edition

Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe

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