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 990 supermarket shoppers...


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 990 supermarket shoppers revealed that 268 always stock up on an item when they find 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 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.)





Jun 01, 2022
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