A food-products company conducted a market study by randomly sampling and interviewing 1,000 consumers to determine which
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A food-products company conducted a market study by randomly sampling and interviewing 1,000 consumers to determine which brand of breakfast cereal they prefer. Suppose 313 consumers were found to prefer the company’s brand. How would you estimate the true fraction of all consumers who prefer the company’s cereal brand?
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In this study consumers are asked which brand of breakfas...View the full answer
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Related Book For 
Statistics For Business And Economics
ISBN: 9781292227085
13th Global Edition
Authors: Terry Sincich James Mcclave, P. George Benson
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