THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The sales manager for a hardware wholesaler finds that 229 of the previous 500 calls to hardware store owners resulted in new product placements.Assume that the 500 calls represent a random sample.
-Find the confidence interval for estimating the population proportion for 90% confidence level;sample size n = 675;and sample proportion
= 0.10.
Correct Answer:
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± zα/2
= 0.10 ± 1...
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