Construct a confidence interval for the given difference


Assignment

Suppose the number of equipment sales and service contracts that a store sold during the last six months for treadmills and exercise bikes was as follows:

                            Treadmill             Exercise Bike
Total sold                185                        123
Service contracts     67                           55

The store can only sell a service contract on a new piece of equipment. Of the 185 treadmills sold, 67 included a service contract and 118 did not.

Complete the following questions in the space provided below:

1. Construct a 95 percent confidence interval for the difference between the proportions of service contracts sold on treadmills versus exercise bikes.

2. Is there a major difference between the two pieces of equipment? Why or why not?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Operation Management: Construct a confidence interval for the given difference
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