Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Exercise 9-17 (Algo) (LO9-3) Netflix is considering a new romcom (romantic comedy) series. Before making a final decision, the producers design an experiment to
Exercise 9-17 (Algo) (LO9-3) Netflix is considering a new romcom (romantic comedy) series. Before making a final decision, the producers design an experiment to estimate the proportion of viewers who would watch the series. A random sample of 760 viewers was selected and asked to watch the first two episodes. After viewing the episodes, 475 viewers indicated they would watch the new series. (Round your answers to 3 decimal places.) a. Estimate the value of the population proportion of people who would watch the new series. Answer is complete and correct. Population proportion 0.825 b. Develop a 99% confidence interval for the population proportion of people who would watch the new series. Answer is complete but not entirely correct. Confidence interval 0.576 and 0.674
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started