Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A marketing analyst sampled 122 college students and found that 42 of them preferred Spotify as their main music streaming service. a. Construct a

image text in transcribed

A marketing analyst sampled 122 college students and found that 42 of them preferred Spotify as their main music streaming service. a. Construct a 93% confidence interval for the proportion of all college students who prefer Spotify as their main music streaming service. (Enter the positive one.) Critical value: Z* = Margin of Error: E = Confidence Interval: b. Interpret your result in part (a) in a complete sentence. c. Based on the confidence interval, can the marketing analyst conclude that more than 30% of all college students prefer Spotify as their main music streaming service? Yes No d. Based on the confidence interval, can the marketing analyst conclude that more than 25% of all college students prefer Spotify as their main music streaming service? Yes No e. If 250 college students were sampled, would the width of the interval become wider or narrower? Wider Narrower f. If a 90% confidence level were used, would the width of the interval become wider or narrower? Wider Narrower

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

Elementary Statistics

Authors: William Navidi, Barry Monk

3rd Edition

1259969452, 9781259969454

More Books

Students also viewed these Mathematics questions

Question

Describe how to distinguish needs from wants.

Answered: 1 week ago