Exercise 6 Suppose that a market research firm is hired to estimate the percent of adults living in a large city who hav
Posted: Fri Dec 24, 2021 10:00 am
Exercise 6 Suppose that a market research firm is hired to estimate the percent of adults living in a large city who have cell phones. Five hundred randomly selected adult residents in this city are surveyed to determine whether they have cell phones. Of the 500 people sampled, 421 responded yes - they own cell phones. Using a 95% confidence level, compute a confidence interval estimate for the true proportion of adult residents of this city who have cell phones.