What is the 87% confidence interval for the population proportion of people that would buy the new e-book reader? The Nile Superstore wants to test the claim less than 82% of their customers would buy the new e-reader. Conduct a hypothesis test to see if you can prove that less than 82% of their customers would make this purchase (use alpha=0.04).

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.7: Probability
Problem 1SE: What term is used to express the likelihood of an event occurring? Are there restrictions on its...
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The Nile Superstore is conducting a survey of consumer preferences for a new wireless e-book reader.

A sample of 150 people reveals that 122 would buy the new reader. 

  1. What is the 87% confidence interval for the population proportion of people that would buy the new e-book reader?
  2. The Nile Superstore wants to test the claim less than 82% of their customers would buy the new e-reader. Conduct a hypothesis test to see if you can prove that less than 82% of their customers would make this purchase (use alpha=0.04).

Use Excel and show all formulas used to answer these questions! 

 

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