Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Computer Science Posted 19 Sep 2017 My Price 4.00

Bargain Hunters

Marketing: Bargain Hunters In a marketing survey, a random sample of 1001 supermarket shoppers revealed that 273 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.

(b) Find a 95% confidence interval for p. Give a brief explanation of the meaning of the interval.

(c) Interpretation As a news writer, how would you report the survey results on the percentage of supermarket shoppers who stock up on real-bargain items? What is the margin of error based on a 95% confidence interval?

Answers

Maurice Tutor
(5)
Status NEW Posted 19 Sep 2017 09:09 AM My Price 4.00

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