Edgar Anderson earns $300 a week plus a 15% commission only on sales he makes after his first $1000 in sales. If Mr. Anderson’s
2 answers:
You might be interested in
Answer: 0.2872
Step-by-step explanation:
Given : In a sample of 1000 randomly selected consumers who had opportunities to send in a rebate claim form after purchasing a product, 260 of these people said they never did so.
i.e. n= 1000 and x= 260
⇒ Sample proportion :
z-value for 95% confidence interval :
Now, an upper confidence bound at the 95% confidence level for the true proportion of such consumers who never apply for a rebate. :-
∴ An upper confidence bound at the 95% confidence level for the true proportion of such consumers who never apply for a rebate : 0.2872