In March 2015, a Nielsen global online survey found that consumers are increasingly willing to pay...

   

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In March 2015, a Nielsen global online survey "found that consumers are increasingly willing to pay more for socially responsible products."¹ Over 30,000 people in 60 countries were polled about their purchasing habits, and 66% of respondents said that they were willing to pay more for products and services from companies who are committed to positive social and environmental impact. We are interested in estimating the proportion of all consumers willing to pay more. 1"Sustainable Selections: How Socally Responsible Companies are Turning a Profit," www.nielsen.com, October 12, 2015. (a) Give notation for the quantity we are estimating. " The parameter of interest is # > 22 μ #441 A #p 42 ^ #P #p # Pi # Pr A #Pr #r #p #F₂ Give the correct notation for the quantity described and give its value. Proportion of US adults who own a cell phone. In a survey of 1006 US adults in 2014, 90% said they had a cell phone.¹ ¹Pew Research Center's Mobile Technology Fact Sheet, accessed October 2015 at http://www.pewinternet.org/factsheets/mobile- technology-fact-sheet/. (a) Give the correct notation for the quantity described. :: # < The correct notation is D :: p 1/41 A p 1/2 A #P₁ :: p A :: P₂ :: Pi #r #P2 #p #F #₁ :: 72 (b) Give the exact value of the quantity described. The value of the quantity described= In March 2015, a Nielsen global online survey "found that consumers are increasingly willing to pay more for socially responsible products."¹ Over 30,000 people in 60 countries were polled about their purchasing habits, and 66% of respondents said that they were willing to pay more for products and services from companies who are committed to positive social and environmental impact. We are interested in estimating the proportion of all consumers willing to pay more. 1"Sustainable Selections: How Socally Responsible Companies are Turning a Profit," www.nielsen.com, October 12, 2015. (a) Give notation for the quantity we are estimating. " The parameter of interest is # > 22 μ #441 A #p 42 ^ #P #p # Pi # Pr A #Pr #r #p #F₂ Give the correct notation for the quantity described and give its value. Proportion of US adults who own a cell phone. In a survey of 1006 US adults in 2014, 90% said they had a cell phone.¹ ¹Pew Research Center's Mobile Technology Fact Sheet, accessed October 2015 at http://www.pewinternet.org/factsheets/mobile- technology-fact-sheet/. (a) Give the correct notation for the quantity described. :: # < The correct notation is D :: p 1/41 A p 1/2 A #P₁ :: p A :: P₂ :: Pi #r #P2 #p #F #₁ :: 72 (b) Give the exact value of the quantity described. The value of the quantity described=

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