A cellphone provider has the business objective of wanting to estimate the proportion of subscribers who would upgrade to a new cellphone with improved features if it were made available at a substantially reduced cost. Data are collected from a random sample of 500 subscribers. The results indicate that 135 of the subscribers would upgrade to a new cellphone at a reduced cost. Complete parts​ (a) and​ (b) below.       Question content area bottom Part 1 a. Construct a 99​% confidence interval estimate for the population proportion of subscribers that would upgrade to a new cellphone at a reduced cos

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 7PPS
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A cellphone provider has the business objective of wanting to estimate the proportion of subscribers who would upgrade to a new cellphone with improved features if it were made available at a substantially reduced cost. Data are collected from a random sample of
500
subscribers. The results indicate that
135
of the subscribers would upgrade to a new cellphone at a reduced cost. Complete parts​ (a) and​ (b) below.
 
 
 

Question content area bottom

Part 1
a. Construct a
99​%
confidence interval estimate for the population proportion of subscribers that would upgrade to a new cellphone at a reduced cost.
 
enter your response here≤π≤enter your response here
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