Statistics – A telecommunications company wants to estimate the proportion

Statistics – A telecommunications company wants to estimate the proportion

Statistics – A telecommunications company wants to estimate the proportion A telecommunications company wants to estimate the proportion of households that would purchase an additional telephone line if it were made available at a substantially reduced installation cost. Data are collected from a random sample of 5oo households. The results indicate that 110 of the households would purchase the additional telephone line at a reduced installation cost.Construct a 95% confidence interval estimate for the proportion of households that would purchase the additional telephone line. (round to 4 decimal places as needed)

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