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To the 4th decimal please O No, the conditions are not satisfied. This is important because it allows us to say that p is approximately

To the 4th decimal please

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O No, the conditions are not satisfied. This is important because it allows us to say that p is approximately binomial. eed Help? Read It Watch It 37 Points] DETAILS BBBASICSTAT8ACC 8.3.020.5. this problem, carry at least four digits after the decimal in your calculations. Answers may vary slightly due to rounding. a marketing survey, a random sample of 1004 supermarket shoppers revealed that 268 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 (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 outside this interval. We are 5% 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 95% confident that the true proportion of shoppers who stock up on bargains falls within 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 O Report p along with the margin of error. Report p. 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.) Need Help? Read It

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