Question
The manager of a bookstore with a coffee shop wants to know the proportion of customers that come into the store because of the coffee
The manager of a bookstore with a coffee shop wants to know the proportion of customers that come into the store because of the coffee shop. A random sample of 75 customers was polled. Use Sheet 2 of the Excel file linked above to calculate p^ and the 95% confidence interval.
p^= ?
Upper bound for 95% confidence interval = ?
Lower bound for 95% confidence interval = ?
The manager can say with 95% confidence that the true population proportion of the customers that come into the store because of the coffee shop is in the interval [ ?, ? ]
Confidence Level Critical Value
0.90 z=1.645
0.95 z=1.960
0.99 z=2.576
Come because of coffee shop |
No |
Yes |
Yes |
Yes |
No |
No |
No |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
No |
No |
Yes |
Yes |
Yes |
No |
Yes |
Yes |
No |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
Yes |
No |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
Yes |
Yes |
No |
Yes |
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