Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I dont understand any of these problems, please help. 10 - Final 12.-/8.37 pointsBBBasicStat8Acc 8.3.020. For this problem, carry at least four digits after the

I dont understand any of these problems, please help.

image text in transcribed
10 - Final 12.-/8.37 pointsBBBasicStat8Acc 8.3.020. For this problem, carry at least four digits after the decimal in your calculations. Answers may vary slightly due to rounding . r-Allen tion 1001, Fall 2019 In a marketing survey, a random sample of 980 supermarket shoppers revealed that 270 ina Weixelman 7 ... ( ) 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.) (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. O 95% of all confidence intervals would include the true proportion of shoppers who stock up on bargains. 5% of the confidence intervals created using this method would include the true proportion of shoppers who stock up on bargains. 5% of all confidence intervals would include the true proportion of shoppers who stock up on bargains. 95% of the confidence intervals created using this method would include the true proportion of shoppers who stock up on bargains. (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. Report p along with the margin of error. O Report the margin of error. 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.)

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 Statisitcs

Authors: Barry Monk

2nd edition

1259345297, 978-0077836351, 77836359, 978-1259295911, 1259295915, 978-1259292484, 1259292487, 978-1259345296

More Books

Students also viewed these Mathematics questions