A local auto dealership advertises that 90% of customers whose autos were serviced by the service department
Question:
a. Estimate the proportion of dissatisfied customers using a 95% confidence interval.
b. Given your answer to part a, what can be concluded about the dealer’s claim?
Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...
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