A survey of 300 U.S. online shoppers was conducted. In response to the question of what would

Question:

A survey of 300 U.S. online shoppers was conducted. In response to the question of what would influence the shopper to spend more money online in 2012, 18% said free shipping, 13% said offered discounts while shopping, and 9% said product reviews. (Data extracted from "2012 Consumer Shopping Trends and Insights," Steel house, Inc., 2012.) Construct a 95% confidence interval estimate of the population proportion of online shoppers who would be influenced to spend more money online in 2012 with
a. Free shipping.
b. Offered discounts while shopping.
c. Product reviews.
d. You have been asked to update the results of this study. Determine the sample size necessary to estimate, with 95% confidence, the population proportions in (a) through (c) to within ±0.02.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Statistics For Managers Using Microsoft Excel

ISBN: 9780133130805

7th Edition

Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat

Question Posted: