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

question 21

True/False

Instruction 8-7
After an extensive advertising campaign,the manager of a company wants to estimate the proportion of potential customers that recognise a new product.She samples 120 potential consumers and finds that 54 recognise this product.She uses this sample information to obtain a 95% confidence interval that goes from 0.36 to 0.54.
-Referring to Instruction 8-7,the parameter of interest to the manager is the proportion of potential customers in this sample that recognise the new product.

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Definitions:

Specific

Clearly defined or identified; distinct from others or from the general case.

External

Related to, situated on, or derived from the outside of something or someone, often considered in relation to external influences or environments.

Internal

pertains to occurring or existing within the limits or boundaries of something; often referring to processes or features within an organization or an individual.

Unstable

Lacking consistency or predictability in state, structure, or behavior, leading to unpredictability.