Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

19A telecommunications company wants to estimate the proportion of households that would purchase an additional telephone line if it were made available at a substantially

image text in transcribedimage text in transcribed
19A telecommunications company wants to estimate the proportion of households that would purchase an additional telephone line if it were made available at a substantially reduced installation cost. Data are collected from a random sample of 500 households. The results indicate that 120 of the households would purchase the additional telephone line at a reduced installation cost. Complete parts (a) and (b) below. <:> - a. Construct a 95% condence interval estimate for the population proportion of households that would purchase the additional telephone line. Dsnsm (Round to four decimal places as needed.) b. The margin of error e=|:| (Round to 3 decimal places as needed.) c. The critical value for the upper tail is D (Round to 2 decimal places as needed.) d. How would the manager in charge of promotional programs concerning residential customers use the results in (a)? O A. The manager can infer with 95% condence that the proportion of households in the sample that would purchase an additional telephone line is somewhere in this interval. . The manager can infer that 95% of households would purchase an additional telephone line. . The manager can infer that the true population proportion of households that would purchase an additional telephone line is somewhere in this interval 95% of the time. . The manager can infer with 95% condence that the population proportion of all households that would purchase an additional telephone line is somewhere in this interval

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Abstract Algebra

Authors: John A Beachy, William D Blair

3rd Edition

1478615915, 9781478615910

More Books

Students also viewed these Mathematics questions

Question

What are the degrees of freedom associated with ????e.

Answered: 1 week ago

Question

2. The purpose of the acquisition of the information.

Answered: 1 week ago

Question

1. What is the meaning of the information we are collecting?

Answered: 1 week ago