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Business, 07.03.2020 05:30 brianna4455

A cell phone provider has the business objective of wanting to estimate the proportion of subscribers who would upgrade to a new cell phone with improved features if it were made available at a substantially reduced cost. Data are collected from a random sample of 500 subscribers. The results indicate that 120 of the subscribers would upgrade to a new cell phone at a reduced cost. Complete parts (a) and (b) below. a. Construct a 99% confidence interval estimate for the population proportion of subscribers that would upgrade to a new cell phone at a reduced cost. Round to 4 decimal places.

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