After an extensive advertising campaign, the manager of a company wants to estimate the proportion of potential customers that recognize a new product. She samples 120 potential consumers and finds that 54 recognize this product. She uses this sample information to obtain a 95 percent confidence interval that goes from 0.36 to 0.54. True or False: This interval requires the assumption that the distribution of the number of people recognizing the product has a normal distribution.
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Home » Business » After an extensive advertising campaign, the manager of a company wants to estimate the proportion of potential customers that recognize a new product. She samples 120 potential consumers and finds that 54 recognize this product.