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Instruction 8-14 After an Extensive Advertising Campaign, the Manager of a Company

Question 165

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Instruction 8-14
After an extensive advertising campaign, the manager of a company wants to estimate the proportion of potential customers that recognise a new product. She samples 120 potential consumers and finds that 54 recognise this product. She uses this sample information to obtain a 95% confidence interval that goes from 0.36 to 0.54.
-Referring to Instruction 8-14,95% of the people will recognise the product between 36% and 54% of the time.

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