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 982 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 982 supermarket shoppers revealed that 262 always stock up on an item when they find that item at a real bargain price.


(a) Let
p
represent the proportion of all supermarket shoppers who always stock up on an item when they find a real bargain. Find a point estimate for
p. (Round your answer to four decimal places.)




(b) Find a 95% confidence interval for
p. (Round your answers to three decimal places.)











lower limit
upper limit



Jun 10, 2022
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