TABLE 8-7 After an Extensive Advertising Campaign, the Manager of a Company

question 98

True/False

TABLE 8-7
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.
-Referring to Table 8-7, the parameter of interest to the manager is the proportion of potential customers in this sample that recognize the new product.

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Definitions:

Pancreas

An endocrine gland, located below the stomach, that produces digestive juices and hormones.

Islet Cells

The part of the pancreas that produces glucagon and insulin.

Glucagon

A hormone produced by the pancreas that increases blood glucose levels, acting as a counterbalance to insulin.

Insulin

A hormone produced by the pancreas that regulates blood sugar levels by facilitating the uptake of glucose into tissues for energy.