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Mathematics, 04.06.2020 06:59 jazzzzhands21
Many individuals over the age of 40 develop intolerance for milk and milk-based products. A
dairy has developed a line of lactose-free products that are more tolerable to such individuals. To
assess the potential market for these products, the dairy commissioned a market research study of individuals over 40 years old in its sales area. A random sample of 250 individuals showed that 86 of them suffer from milk intolerance. Based on the sample results, calculate a 90% confidence
interval for the population proportion that suffers milk intolerance. Interpret this confidence interval.
a) First, show that it is okay to use the 1-proportion z-interval. (Assumptions)
b) calcuate by hand a 90% confidence interval (use the formula)
c) provide an interpretation (conclusion)
d) if the level of confidence was 95% instead of 90% would the resulting interval be narrower or wider? explain. (show your computation before your explanation)
e) if the researchers were interested in the 90% interval with the 3% margin of error what size sample would they require?
f) verify your 90% confidence interval using your calculator.
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Many individuals over the age of 40 develop intolerance for milk and milk-based products. A
dairy h...
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