Mathematics, 17.03.2020 23:11 hermesrobles
In March 2015, a Nielsen global online survey "found that consumers are increasingly willing to pay more for socially responsible products."1 Over 30,000 people in 60 countries were polled about their purchasing habits, and 66% of respondents said that they were willing to pay more for products and services from companies who are committed to positive social and environmental impact. We are interested in estimating the proportion of all consumers willing to pay more.
1"Sustainable Selections: How Socially Responsible Companies are Turning a Profit," www. nielsen. com, October 12, 2015.
(a) Give notation for the quantity we are estimating.
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(b) Give notation for the quantity we are using to make the estimate.
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(c) Give the value of the best estimate.
Round your answer to two decimal places.
Best estimate =
the absolute tolerance is +/-0.01
Answers: 2
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