need help with question b

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
icon
Related questions
Question

need help with question b

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 140 of the subscribers would upgrade to a new
cellphone at a reduced cost. Complete parts (a) and (b) below.
a. Construct a 99% confidence interval estimate for the population proportion of subscribers that would upgrade to a new cellphone at a reduced cost.
0.2283 ≤ ≤ 0.3317
(Round to four decimal places as needed.)
b. How would the manager in charge of promotional programs use the results in (a)?
Ⓒ A. The manager can infer with 99% confidence that the population proportion of all subscribers that would upgrade to a new cellphone at a reduced cost is somewhere in this
interval.
O B.
The manager can infer with 99% 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 99% of subscribers that would upgrade to a new cellphone at a reduced cost.
O D. 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 99% of the time.
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 140 of the subscribers would upgrade to a new cellphone at a reduced cost. Complete parts (a) and (b) below. a. Construct a 99% confidence interval estimate for the population proportion of subscribers that would upgrade to a new cellphone at a reduced cost. 0.2283 ≤ ≤ 0.3317 (Round to four decimal places as needed.) b. How would the manager in charge of promotional programs use the results in (a)? Ⓒ A. The manager can infer with 99% confidence that the population proportion of all subscribers that would upgrade to a new cellphone at a reduced cost is somewhere in this interval. O B. The manager can infer with 99% 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 99% of subscribers that would upgrade to a new cellphone at a reduced cost. O D. 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 99% of the time.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill