Estimating of the population proportion of accounts

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Reference no: EM1399815

The cellular spinoff company Jog wants to estimate the proportion of households that would purchase an additional cellular line if it were made available with a free handset. A random sample of 500 accounts is selected. The results indicate that 135 of the accounts would purchase an additional line if the handset was free.

Construct a 99% confidence interval estimate of the population proportion of accounts that would purchase the additional line if the handset were free.

Reference no: EM1399815

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