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ProbabilityQ&A LibraryA marketing research firm wants to estimate the share that foreign companies have in the American market for certain products. A random sample of 100 consumers is obtained, and it is found that 34 people in the sample are users of foreign made products the rest are users of domestic products. Give a 95% confidence interval estimate for the share of foreign products in this market.Start your trial now! First week only $4.99!*arrow_forward*

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A marketing research firm wants to estimate the share that foreign companies have in the American market for certain products. A random sample of 100 consumers is obtained, and it is found that 34 people in the sample are users of foreign made products the rest are users of domestic products. Give a 95% confidence interval estimate for the share of foreign products in this market.

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