Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An on-line retailing firm conducts a study into the number of on-line purchases of footwear made during all of last year. The study wants to

image text in transcribed
An on-line retailing firm conducts a study into the number of on-line purchases of footwear made during all of last year. The study wants to determine the proportion of Australians over the age of 25 who purchase footwear on line. The managing director of the on-line retailing firm believes this proportion of Australians is 32%. A random sample of 117 Australians over the age of 25 is selected. If the managing director's claim is true, what is the sample proportion value below which 10% of all sample proportions would exist? Express your answer correct to two decimal places

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

Students also viewed these Accounting questions