Direct mail advertisers send solicitations (junk mail) to thousands of potential customers hoping that some will buy

Question:

Direct mail advertisers send solicitations (junk mail) to thousands of potential customers hoping that some will buy the product. The response rate is usually quite low. Suppose a company wants to test the response to a new flyer and sends it to 1,000 randomly selected people. The company gets orders from 123 of the recipients and decides to do a mass mailing to everyone on its mailing list of over 200,000. Create a 95% confidence interval for the percentage of those people who will order something.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: