llphone provider has the business objective of wanting to estimate the proportion of subscribers who would upgrade to a new cellphone with improved features if it were made available at a substantially reduced . Data are collected from a random sample of 500 subscribers. The results indicate that 170 of the subscribers would upgrade to a new cellphone at a reduced cost. Complete parts (a) and (b) below. - Construct a 95% confidence interval estimate for the population proportion of subscribers that would upgrade to a new cellphone at a reduced cost. sas (Round to four decimal places as needed.) b. How would the manager in charge of promotional programs use the results in (a)? O A. The manager can infer with 95% confidence that the population proportion of all subscribers that would upgrade to a new celphone at a reduced cost is somewhere in this interval O B. The manager can infer with 95% confidence that the proportion of subscribers in the sample that would upgrade to a new cellphone at a reduced cost is somewhere in this interval. O C. The manager can infer that the true population proportion of subscribers that would upgrade to a new cellphone at a reduced cost is somewhere in this interval 95% of the time. O D. The manager can infer that 95% of subscribers that would upgrade to new cellphone at a reduced cost. Help me solve this View an example Get more help - P Type here to search 46 CO % %23 3. $4 4. R.
llphone provider has the business objective of wanting to estimate the proportion of subscribers who would upgrade to a new cellphone with improved features if it were made available at a substantially reduced . Data are collected from a random sample of 500 subscribers. The results indicate that 170 of the subscribers would upgrade to a new cellphone at a reduced cost. Complete parts (a) and (b) below. - Construct a 95% confidence interval estimate for the population proportion of subscribers that would upgrade to a new cellphone at a reduced cost. sas (Round to four decimal places as needed.) b. How would the manager in charge of promotional programs use the results in (a)? O A. The manager can infer with 95% confidence that the population proportion of all subscribers that would upgrade to a new celphone at a reduced cost is somewhere in this interval O B. The manager can infer with 95% confidence that the proportion of subscribers in the sample that would upgrade to a new cellphone at a reduced cost is somewhere in this interval. O C. The manager can infer that the true population proportion of subscribers that would upgrade to a new cellphone at a reduced cost is somewhere in this interval 95% of the time. O D. The manager can infer that 95% of subscribers that would upgrade to new cellphone at a reduced cost. Help me solve this View an example Get more help - P Type here to search 46 CO % %23 3. $4 4. R.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section: Chapter Questions
Problem 8SGR
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Transcribed Image Text:A cellphone provider has the business objective of wanting to estimate the proportion of subscribers who would upgrade to a new cellphone with improved features if it were made available at a substantially reduced
cost. Data are collected from a random sample of 500 subscribers. The results indicate that 170 of the subscribers would upgrade to a new cellphone at a reduced cost. Complete parts (a) and (b) below.
a. Construct a 95% confidence interval estimate for the population proportion of subscribers that would upgrade to a new cellphone at a reduced cost.
(Round to four decimal places as needed.)
b. How would the manager in charge of promotional programs use the results in (a)?
O A. The manager can infer with 95% confidence that the population proportion of all subscribers that would upgrade to a new cellphone at a reduced cost is somewhere in this interval.
B. The manager can infer with 95% confidence that the proportion of subscribers in the sample that would upgrade to a new cellphone at a reduced cost is somewhere in this interval.
O C. The manager can infer that the true population proportion of subscribers that would upgrade to a new cellphone at a reduced cost is somewhere in this interval 95% of the time.
O D. The manager can infer that 95% of subscribers that would upgrade to a new cellphone at a reduced cost.
Help me solve this
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