Refer to Exercise and the Journal of Global Business (Spring 2002) survey to determine what “Made in the USA” means to consumers. Recall that 106 shoppers at a shopping mall in Muncie, Indiana, responded to the question ‘“Made in the USA’ means what percentage of U.S. labor and materials?” Sixty-four shoppers answered “100%.”,a. Define the population of interest in the survey.,b. What is the characteristic of interest in the population?,c. Use a 90% confidence interval to estimate the true proportion of consumers who believe that “Made in the USA” means 100% U.S. labor and materials.,d. Give a practical interpretation of the interval you used in part c.,e. Explain what the phrase “90% confidence” means for this interval.
https://termpapermaster.com/wp-content/uploads/2021/05/logo-1-300x75.png 0 0 developer https://termpapermaster.com/wp-content/uploads/2021/05/logo-1-300x75.png developer2021-08-30 14:05:562021-08-30 14:05:56Explain what the phrase “90% confidence” means for this interval.
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