A large home improvement store is considering expanding its selection of moving products, such as cardboard boxes and packing tape. The store constructs a 90% confidence interval to estimate the proportion of all customers who have moved houses at least once in the last five yearsIn the random sample of 620 customers 201 (32,496 ) replied that they had moved at least once in the last five years. The sample yielded the 90% confidence interval (0.293, 0.355) for the proportion of all customers who have moved in the past five yearsWhat is the correct interpretation of this confidence interval? The store can be 90% confident that a proportion of 0.324 of all customers of this store have moved in the past five years . There is a 90% probability that between 29.3% and 35.5% of all customers of this store have moved in the past five years There is a 10% chance that less than 29.3% or more than 35.5% of all customers of this store have moved in the past five years The store can be 90% confident that the interval from 0.293 to 0.355 captures the proportion of all customers of this store who have moved in the past five year
A large home improvement store is considering expanding its selection of moving products, such as cardboard boxes and packing tape. The store constructs a 90% confidence interval to estimate the proportion of all customers who have moved houses at least once in the last five yearsIn the random sample of 620 customers 201 (32,496 ) replied that they had moved at least once in the last five years. The sample yielded the 90% confidence interval (0.293, 0.355) for the proportion of all customers who have moved in the past five yearsWhat is the correct interpretation of this confidence interval? The store can be 90% confident that a proportion of 0.324 of all customers of this store have moved in the past five years . There is a 90% probability that between 29.3% and 35.5% of all customers of this store have moved in the past five years There is a 10% chance that less than 29.3% or more than 35.5% of all customers of this store have moved in the past five years The store can be 90% confident that the interval from 0.293 to 0.355 captures the proportion of all customers of this store who have moved in the past five year
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
Problem 8CR
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A large home improvement store is considering expanding its selection of moving products, such as cardboard boxes and packing tape. The store constructs a 90% confidence interval to estimate the proportion of all customers who have moved houses at least once in the last five yearsIn the random sample of 620 customers 201 (32,496 ) replied that they had moved at least once in the last five years. The sample yielded the 90% confidence interval (0.293, 0.355) for the proportion of all customers who have moved in the past five yearsWhat is the correct interpretation of this confidence interval? The store can be 90% confident that a proportion of 0.324 of all customers of this store have moved in the past five years . There is a 90% probability that between 29.3% and 35.5% of all customers of this store have moved in the past five years There is a 10% chance that less than 29.3% or more than 35.5% of all customers of this store have moved in the past five years The store can be 90% confident that the interval from 0.293 to 0.355 captures the proportion of all customers of this store who have moved in the past five years
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