In a marketing survey a random sample of 724 shoppers revealed that 626 remained loyal to their favorite supermarket during the

Question

In a marketing survey a random sample of 724 shoppers revealed that 626 remained loyal to their favorite supermarket during the past year i e did not switch stores LUSE SALT a Let p represent the proportion of all shoppers who remain loyal to their favorite supermarket Find a point estimate for p Round your answer to four decimal places b Find a 95 confidence interval for p Enter your answer in the form lower limit to upper limit Include the word to Round your numerical values to three decimal places Give a brief explanation of the meaning of the interval We are 5 confident that the true proportion of loyal shoppers falls within this interval We are 95 confident that the true proportion of loyal shoppers falls within this interval We are 95 confident that the true proportion of loyal shoppers falls outside this interval We are 5 confident that the true proportion of loyal shoppers falls above this interval c As a news writer how would you report the survey results regarding the percentage of supermarket shoppers who remained loyal to their favorite supermarket during the past year Report p along with the margin of error Report the margin of error Report the confidence interval Report p What is the margin of error based on a 95 confidence interval Round your answer to three decimal places

Kunduz · Accepted Answer

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