What is the point estimate of the proportion of the population of business travelers who believe a frequent flyer program is the most important factor when choosing an airline carrier?,b. Develop a 95% confidence interval estimate of the population proportion.,c. How large a sample would be required to report the margin of error of .01 at 95% confidence? Would you recommend that USA today attempt to provide this degree of precision? Why or why not?

Although airline schedules and cost are important factors for business travelers when choosing an airline carrier, a USA today survey found that business travelers list an air-line’s frequent flyer program as the most important factor. From a sample of n 5 1993 business travelers who responded to the survey, 618 listed a frequent flyer program as the most important factor.,a. What is the point estimate of the proportion of the population of business travelers who believe a frequent flyer program is the most important factor when choosing an airline carrier?,b. Develop a 95% confidence interval estimate of the population proportion.,c. How large a sample would be required to report the margin of error of .01 at 95% confidence? Would you recommend that USA today attempt to provide this degree of precision? Why or why not?

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