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 982 supermarket shoppers revealed that 262 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. (Round your answer to four decimal places.)(b) Find a 95% confidence interval for p. (Round your answers to three decimal places.) lower limit       upper limit

Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter38: Achievement Review—section Three
Section: Chapter Questions
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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 982 supermarket shoppers revealed that 262 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. (Round your answer to four decimal places.)


(b) Find a 95% confidence interval for p. (Round your answers to three decimal places.)
lower limit      
upper limit      
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