Math Problem Statement
Solution
The image contains a statistical problem where a company surveyed 1000 customers to investigate product return rates. The table provided shows the frequency distribution of products returned, and the question asks to:
a) Estimate the percentage of customers who returned more than three products, along with a 95% confidence interval.
Here’s a breakdown of the problem:
Table Summary:
Number of Products Returned | Frequency (Number of Customers) |
---|---|
0 | 451 |
1 | 162 |
2 | 187 |
3 | 112 |
4 | 49 |
5 | 21 |
6 | 5 |
7 | 11 |
8 | 2 |
To solve part (a):
We need to calculate the percentage of customers who returned more than 3 products.
-
Total number of customers who returned more than 3 products: This includes customers who returned 4, 5, 6, 7, or 8 products:
-
Percentage of customers who returned more than 3 products:
Now, would you like help computing the 95% confidence interval for this percentage, or any other part of the problem?
Here are 5 additional related questions:
- How do you compute the confidence interval for a population proportion?
- What is the significance of the confidence level in statistical analysis?
- Can you explain why the normal approximation is often used for proportions in large samples?
- How would the estimate change if fewer customers returned more than 3 products?
- How can we use the binomial distribution to estimate the probability of product returns?
Tip: Confidence intervals provide a range that is likely to contain the population parameter, enhancing reliability in survey results.
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Math Problem Analysis
Mathematical Concepts
Statistics
Probability
Confidence Interval
Formulas
Percentage = (Number of occurrences / Total number) * 100
Confidence Interval Calculation
Theorems
Central Limit Theorem
Suitable Grade Level
College
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