Quality Progress, February 2005, reports on the results achieved by Bank of America in improving cus


Question: Quality Progress, February 2005, reports on the results achieved by Bank of America in improving customer satisfaction and customer loyalty by listening to the "voice of the customer." A key measure of customer satisfaction is the response on a scale from 1 to 10 to the question: "Considering all the business you do with Bank of America, what is your overall satisfaction with Bank of America?" Suppose that a random sample of 350 current customers results in 195 customers with a response of 9 or 10 representing "customer delight." Find a 95 percent confidence interval for the true proportion of all current Bank of America customers who would respond with a 9 or 10. Are we 95 percent confident that this proportion exceeds, .48, the historical proportion of customer delight for Bank of America?

Price: $2.99
See Solution: The solution consists of 2 pages
Deliverable: Word Document

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