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A market research consultant hired by a leading soft-drink company wants to determine the proportion of...

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Basic Math

A market research consultant hired by a leading soft-drinkcompany wants to determine the proportion of consumers who favorits low-calorie drink over the leading competitor's low-caloriedrink in a particular urban location. A random sample of 250consumers from the market under investigation is provided in thefile P08_17.xlsx.

a. Calculate a 95% confidence interval for theproportion of all consumers in this market who prefer thiscompany's drink over the competitor's. Round your answers to threedecimal places, if necessary.

Count = 134

n = 250

Answer & Explanation Solved by verified expert
3.8 Ratings (591 Votes)
Solution Given thatn 250x 135Point estimate sample    See Answer
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