Marketing companies are interested in knowing the population percent of women wh

Question

Marketing companies are interested in knowing the population percent of women who make the majority of household purchasing decisions. Suppose a marketing company did do a survey. They randomly surveyed 200 households and found that in 120 of them, the woman made the majority of the purchasing decisions. We are interested in the population proportion of households where women make the majority of the purchasing decisions. Identify the following. (Enter exact numbers as integers, fractions, or decimals.) x ______ n ________ P' ________

Explanation / Answer

We have

a) x=120 the woman made the majority of the purchasing decision

b) n=200 households

c) p' = x/n =120/200 =0.6

The 6% population proportion of household where woman make the majority of purchasing decision.

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