Corporate headquarters is very interested in trend analysis. Using the 150 randomly selected restaurants as their sample, data
was collected to determine which restaurants reported an annual increase in revenue from the previous year. This information is found in the Annual Increase in Revenue column. Corporate headquarters asks your team to construct a 95% One-Sample proportion confidence interval for the population proportion of restaurants that saw an annual increase in revenue last year. Assume that all necessary Central Limit Theorem conditions for a One-Proportion confidence interval have been met. What is the 95% lower limit?
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Answer:
Step-by-step explanation:
Slope Formula:
Points: (-2, 8), (1, 2)