TABLE 8-6 After an Extensive Advertising Campaign,the Manager of a Company Wants

question 8

True/False

TABLE 8-6
After an extensive advertising campaign,the manager of a company wants to estimate the proportion of potential customers that recognize a new product.She samples 120 potential consumers and finds that 54 recognize this product.She uses this sample information to obtain a 95% confidence interval that goes from 0.36 to 0.54.
-True or False: Referring to Table 8-6,95% of the time,the proportion of people that recognize the product will fall between 0.36 and 0.54.

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Definitions:

Interstate Commerce

Interstate Commerce refers to the buying, selling, or moving of goods, services, or money across state borders, regulated by the federal government.

Gun-Free School Zone Act

Federal legislation in the United States that prohibits the unauthorized possession of firearms in designated school zones.

Commerce Clause

A provision in the United States Constitution that grants Congress the power to regulate trade between states, with foreign nations, and among Indian tribes.

Congress

The bicameral legislature of the United States, consisting of the House of Representatives and the Senate, responsible for making federal laws.