The phenomenon of bottle flipping has hit the nation. You design a machine that can randomly flip a bottle. You observe
Posted: Sun Jul 10, 2022 10:50 am
The phenomenon of bottle flipping has hit the nation. You design a machine that can randomly flip a bottle. You observe 2360 random, independent flips, and 404 land the correct way. Estimate the overall proportion of bottles that land correctly when flipped randomly. Use a 95% confidence level. a) State the parameter of interest. Verify that the necessary conditions are present in order to carry out the procedure. b) Find the critical value and standard error. Critical Value: Standard Error: c) Find the confidence interval: d) Interpret the 95% confidence interval in context.