Six Hundred Consumers Were Asked Whether They Would Like to Purchase

question 35

Short Answer

Six hundred consumers were asked whether they would like to purchase a domestic or a foreign automobile. Their responses are given below. Develop a 95% confidence interval for the proportion of all consumers who prefer to purchase domestic automobiles.

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Definitions:

Archival Study

A research method in which the researcher examines existing records or databases to find answers to research questions.

Case Study

A descriptive account of the behavior, past history, and other relevant factors concerning a specific individual.

Survey

A survey is a research method used for collecting data from a predefined group of respondents to gain information and insights on various topics of interest.

Naturalistic Observation

Descriptive method in which observations are made in a natural social setting. Also called field observation.