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I am not able to figure out all the answers to this problem. Please help with the formula and steps to get the answer. Thanks.

I am not able to figure out all the answers to this problem. Please help with the formula and steps to get the answer. Thanks.

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For this problem, carry at least four digits after the decimal in your calculations. Answers may vary slightly due to rounding. In a marketing survey, a random sample of 992 supermarket shoppers revealed that 264 always stock up on an item when they find that item at a real bargain price. (a) Let p represent the proportion of all supermarket shoppers who always stock up on an item when they find a real bargain. Find a point estimate for p. (Enter a number. Round your answer to four decimal places.) .2661 (b) Find a 95% confidence interval for p. (For each answer, enter a number. Round your answers to three decimal places.) lower limit upper limit Give a brief explanation of the meaning of the interval. We are 95% confident that the true proportion of shoppers who stock up on bargains falls within this interval. We are 5% confident that the true proportion of shoppers who stock up on bargains falls above this interval. O We are 5% confident that the true proportion of shoppers who stock up on bargains falls within this interval. We are 95% confident that the true proportion of shoppers who stock up on bargains falls outside this interval. c) As a news writer, how would you report the survey results on the percentage of supermarket shoppers who stock up on items when they find the item is a real bargain? Report p along with the margin of error. O Report the margin of error. Report p. O Report the confidence interval. What is the margin of error based on a 95% confidence interval? (Enter a number. Round your answer to three decimal places.) 0.026 X

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