For this problem, carry at least four digits after the decimal in your calculations. Answers may vary slightly due to rounding. In a marketing survey, a random sample of 990 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. Round your answer to four decimal places.)   answer 0.2707 (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      What is the margin of error based on a 95% confidence interval? (Enter a number. Round your answer to three decimal places.)

Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter38: Achievement Review—section Three
Section: Chapter Questions
Problem 6AR
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For this problem, carry at least four digits after the decimal in your calculations. Answers may vary slightly due to rounding.

In a marketing survey, a random sample of 990 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. Round your answer to four decimal places.)
 
answer 0.2707

(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     


What is the margin of error based on a 95% confidence interval? (Enter a number. Round your answer to three decimal places.)
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