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Estimate for the population proportion of subscribers

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A cell phone provider has the business objective of wanting to estimate the proportion of subscribers who would upgrade to a new cell phone with improved features if it were made available at a substantially reduced cost. Data are collected from a random sample of 500 subscribers. The results indicated that 135 of the subscribers would upgrade to a new cell phone at a reduced cost. Construct a 95% confidence interval estimate for the population proportion of subscribers that would upgrade to a new cell phone at a reduced cost.

Reference no: EM132474365

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