Note: Follow the Four-Step process in estimating the population proportion. III. Food Combo In a certain food stall, 278 out of 500 randomly selected consumers to indicate their preference for a new kind of food combination. Use a 99% confidence interval to estimate the true proportion ρ who like the new food combination. What course of actions could concerned individuals like entrepreneurs take based on the results of your estimate

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
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Note: Follow the Four-Step process in estimating the population proportion.

III. Food Combo

In a certain food stall, 278 out of 500 randomly selected consumers to indicate their preference for a new kind of food combination. Use a 99% confidence interval to estimate the true proportion ρ who like the new food combination. What course of actions could concerned individuals like entrepreneurs take based on the results of your estimates?

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