A farm implement dealer is at a national trade show, and asks participants in th

Question

A farm implement dealer is at a national trade show, and asks participants in the trade show to complete a short survey on whether or not they would be interested in some new products to be offered next season. Based on this sample, the dealer creates a confidence interval to estimate the proportion of all potential customers that would be interested in the new products. Will this confidence interval give a good estimate of the proportion of farmers who would potentially purchase the new items? Why or why not?

Explanation / Answer

Yes, I think  a confidence interval to estimate the proportion of all potential customers that would be interested in the new products will be good idea because we will get to know the estimate that we are % confident that proportion of customers will be interested in the new products

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