A certain business concern needs to obtain at least 20% of the market in order to make
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A certain business concern needs to obtain at least 20% of the market in order to make a profit. A random sample of 200 prospective buyers is asked whether they will purchase the product. What should the company conclude if (find the 95% CI in each case, in addition to performing the null hypothesis test):
a. 26 of those asked said they would buy the product?
b. 46 of those asked said they would buy the product?
c. 58 of those asked said they would buy the product?
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Related Book For
Introductory Statistics For The Behavioral Sciences
ISBN: 9780470907764
7th Edition
Authors: Joan Welkowitz, Barry H. Cohen, R. Brooke Lea
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