Mathematics, 20.04.2021 09:20 reyescoralys
Direct mail advisors send notifications to thousands of potential customers in the hope that summer by the company's product. The response rate is usually quite low. Suppose a company wants to test the response to a new flyer and send it to 1060 people randomly selected from their mailing list of over 200,000 people. They get orders from 110 of those people.
A) Create a confidence interval for the percentage of people to company contracts
who may buy something
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Direct mail advisors send notifications to thousands of potential customers in the hope that summer...
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