Mathematics, 11.02.2020 21:31 Animallover100
Price deregulation in the airline industry has promoted competition and a variety of fare structures. Prior to deciding on a price change, a particular airline is interested in obtaining an estimate of the proportion of the market that it presently captures for a certain region. A random sample of 300 passengers indicatesthat 80 used that airline.
a. Find a point estimate ofthe proportion ofthe market that usesthis particular airline.
b. Find a 95% confidence interval for the proportion that uses this airline. (c) Can the airline conclude that its market share is more than 25%
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Price deregulation in the airline industry has promoted competition and a variety of fare structures...
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