An advertising agency is looking for magazines in which to advertise inexpensive imitations of designer clothing. Their

Question:

An advertising agency is looking for magazines in which to advertise inexpensive imitations of designer clothing. Their target audience is households earning less than $30,000 a year. A study estimates that a 95 percent confidence interval for the average household income of readers of one magazine is $32,000 ± $1,200. Is the agency correct in concluding that the people in their target audience do not read this magazine?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: