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 in your calculations. Answers may vary slightly due to rounding. In a marketing survey, a random sample of992supermarket shoppers revealed that268always stock up on an item when they find that item at a real bargain price.(a) Letprepresent the proportion of all supermarket shoppers who always stock up on an item when they find a real bargain.Find a point estimate forp. (Enter a number. Round your answer to four decimal places.) (b) Find a 95% confidence interval forp. (For each answer, enter a number. Round your answers to three decimal places.) lower limit upper limit

What is the margin of error based on a 95% confidence interval? (Enter a number. Round your answer to three decimal places.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!