A large home improvement store is considering expanding its selection of moving products, such as cardboard boxes and packing tape. The store constructs a 90% confidence interval to estimate the proportion of all customers who have moved houses at least once in the last five years. In the random sample of 620 customers, 201 (32.4%) replied that they had moved at least once in the last five years. The sample yielded the 90% confidence interval (0.293, 0.355) for the proportion of all customers who have moved in the past five years. What is the correct interpretation of this confidence interval? The store can be 90% confident that a proportion of 0.324 of all customers of this store have moved in the past five years. There is a 90% probability that between 29.3% and 35.5% of all customers of this store have moved in the past five years. There is a 10% chance that less than 29.3% or more than 35.5% of all customers of this store have moved in the past five years. O The store can be 90% confident that the interval from 0.293 to 0.355 captures the proportion of all customers of this store who have moved in the past five years.

A large home improvement store is considering expanding its selection of moving products, such as cardboard boxes and packing tape. The store constructs a 90% confidence interval to estimate the proportion of all customers who have moved houses at least once in the last five years. In the random sample of 620 customers, 201 (32.4%) replied that they had moved at least once in the last five years. The sample yielded the 90% confidence interval (0.293, 0.355) for the proportion of all customers who have moved in the past five years. What is the correct interpretation of this confidence interval? The store can be 90% confident that a proportion of 0.324 of all customers of this store have moved in the past five years. There is a 90% probability that between 29.3% and 35.5% of all customers of this store have moved in the past five years. There is a 10% chance that less than 29.3% or more than 35.5% of all customers of this store have moved in the past five years. O The store can be 90% confident that the interval from 0.293 to 0.355 captures the proportion of all customers of this store who have moved in the past five years.

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter8: Sequences, Series, And Probability

Section8.7: Probability

Problem 58E: What is meant by the sample space of an experiment?

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