A new brand of breakfast cereal is being market tested. One hundred boxes of cereal were given to consumers to try. The consumers were asked whether they liked or disliked the cereal. You're given their responses below.
Response Frequency
Liked 60
Disliked 40
100
a. Determine the point estimate of proportion of people who will like the cereal?
b. Construct a 95% confidence interval for true proportion of people who will like the cereal.