Question: For this problem, carry at least four digits after the decimal in your calculations. Answers may vary slightly due to rounding. In a marketing survey,

 For this problem, carry at least four digits after the decimal

For this problem, carry at least four digits after the decimal in your calculations. Answers may vary slightly due to rounding. In a marketing survey, a random sample of 996 supermarket shoppers revealed that 266 always stock up on an item when they nr.E that item at a real bargain price. (a) Letp represent the proportion of all supermarket shoppers who always stock up on an item when they find a real bargain. Find a point estimate for ,0. (Enter a number. Round your answer to four decimal places.) (b) Find a 95% condence intervai for p. {For each answer, enter a number. Round your answers to three decimal places.) lower limit upper limit Give a brief explanation of the meaning of the interval. 0 We are 95% condent that the true proportion of shoppers who stock up on bargains falls within this interval. 0 We are 95% condent that the true proportion of shoppers who stock up on bargains falls outside this interval. 0 We are 5% condent that the true proportion of shoppers who stock up on bargains falls above this interval. 0 We are 5% condent that the true proportion of shoppers who stock up on bargains falls within this interval. (c) As a news writer, how would you report the survey results on the percentage of supermarket shoppers who stock up on items when they nd the item is a real bargain? 0 Report {3. 0 Report the condence interval. 0 Report :3 along with the margin of error. O Report the margin of error. What is the margin of error based on a 95% condence interval? (Enter a number. Round your answer to three decimal places.) :I

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