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Compute the standard error of the proportion.

A market survey was conducted to estimate the proportion of homemakers who would recognize the brand name of a cleanser based on shape and colour of the container. Of the 1, 4000 homemakers sampled, 420 were able to identify the brand by name.

Compute the standard error of the proportion.

Develop a 99% confidence interval for the population proportion.

Interpret your findings.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M921724

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