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Management Studies

The sales manager for an automobile parts wholesaler finds that 229 of the previous 500 calls to the automobile parts store owners resulted in new product placements.

a. Assuming that the 500 calls represent a random sample, find a 90% confidence interval for the proportion of new product placements for all automobile parts stores.

b. Give a careful verbal interpretation of the confidence interval found in part (a).

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M91737094

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