The sales manager for a hardware wholesaler finds that 229 o

The sales manager for a hardware wholesaler finds that 229 of the previous 500 calls to hardware store owners resulted in new product placements. Assume these 500 calls represent a random sample.

What is the lower confidence limit of a 95% confidence interval for the population proportion of new product placements?

Solution

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The sales manager for a hardware wholesaler finds that 229 of the previous 500 calls to hardware store owners resulted in new product placements. Assume these 5

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