A company that produces toothpaste recently redesigned their packaging. The marketing department wants to evaluate consumer acceptance
Fantastic news! We've Found the answer you've been seeking!
Question:
A company that produces toothpaste recently redesigned their packaging. The marketing department wants to evaluate consumer acceptance of this new packaging. A random sample of consumers was taken and asked if they prefer the new packaging. The results are recorded below. Construct a 98% confidence interval for the proportion of consumers that prefer the new packaging.
- In blank #1 enter the upper limit of the confidence interval. (Enter your answer as a percent, rounded to 2 decimals and include the percent sign.)
- In blank #2 enter the lower limit of the confidence interval. (Enter your answer as a percent, rounded to 2 decimals and include the percent sign.)
- Is it reasonable for the company to claim that 45% of consumers prefer the new packaging? Enter "yes" or "no" in blank #3.
Y | N | N | N | N | Y | N |
N | Y | N | N | N | Y | N |
N | N | N | N | N | Y | N |
Y | N | Y | Y | Y | N | Y |
Y | Y | Y | Y | N | Y | Y |
N | Y | N | Y | N | Y | N |
Y | N | N | N | Y | Y | Y |
N | Y | N | Y | N | Y | N |
N | N | Y | Y | Y | N | Y |
Y | Y | N | Y | N | N | N |
N | Y | N | N | N | N | Y |
Y | Y | Y | N | Y | N | Y |
N | Y | Y | N | Y | N | N |
N | N | Y | N | Y | N | Y |
Y | Y | Y | Y | N | Y | N |
N | N | Y | N | Y | N | Y |
Y | Y | N | N | N | N | N |
Y | Y | N | N | Y | Y | N |
N | Y | Y | N | N | Y | N |
N | N | Y | N | N | Y | N |
Y | Y | Y | N | Y | Y | Y |
N | Y | N | N | Y | Y | N |
N | N | N | Y | N | N | Y |
N | N | Y | Y | Y | N | N |
N | Y | Y | N | Y | Y | N |
Expert Answer:
Posted Date:
