Question
Quality Progres, February 2005, reports on improvements in customer satisfaction and loyalty made by Bank of America. A key measure of customer satisfaction is the
Quality Progres, February 2005, reports on improvements in customer satisfaction and loyalty made by Bank of America. A key measure of customer satisfaction is the response (on a scale from 1 to 10) to the question: "Considering all the business you do with Bank of America, what is your overall satisfaction with Bank of America?' Here, a response of 9 or 10 represents "customer delight." Suppose that the survey selected 430 customers. Assume that 52% of Bank of America customers would currently express customer delight. That is, assume p=.52.
Note: The p has a ^ over it
Note: the < has a line under it
(a) Find the probability that the sample proportion obtained from the sample of 430 Bank of America customers would be within three percentage points of the population proportion.
That is, find p(0.49
(b) Find the probability that the sample proportion obtained from the sample of 430 Bank of America customers would be within three percentage points of the population proportion.
That is, find p(0.46
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