Question

Netflix is considering a new romcom (romantic comedy) series. Before making a final decision, the producers design an experiment to estimate the proportion of viewers who would watch the series. A random sample of 1,000 viewers was selected and asked to watch the first two episodes. After viewing the episodes, 625 viewers indicated they would watch the new series. (Use t Distribution Table & z Distribution Table.) (Round your answers to 3 decimal places.)
Required:

a. Estimate the value of the population proportion of people who would watch the new series.

b. Develop a 99% confidence interval for the population proportion of people who would watch the new series.

Answer 1

A) the value of the population proportion of people who would watch the new series is 5 out of 8 viewers, and B) a 99% confidence interval for the population proportion of people who would watch the new series indicates that between 61.87% and 63.13% of viewers will watch the new series.

Proportions

Given that Netflix is considering a new romcom (romantic comedy) series, and a random sample of 1,000 viewers was selected and 625 viewers indicated they would watch the new series, for A) estimate the value of the population proportion of people who would watch the new series, and B) develop a 99% confidence interval for the population proportion of people who would watch the new series, the following calculations must be made:

A)

625 = 1

1000 = X

1000 / 625 = X

1.6 = X

10 out of 16, or 5 out of 8.

B)

62.5 x 0.99 = 61.875

62.5 x 1.01 = 63.125

Therefore, A) the value of the population proportion of people who would watch the new series is 5 out of 8 viewers, and B) a 99% confidence interval for the population proportion of people who would watch the new series indicates that between 61.87% and 63.13% of viewers will watch the new series.

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