A store has determined that 30% of all lawn mower purchasers will also purchase a service agreement.
Question:
a. What is the standard error of the sample proportion of those who will purchase a service agreement?
b. What is the probability that the sample proportion will be less than 0.32?
c. Without doing the calculations, state in which of the following ranges the sample proportion is most likely to be: 0.29 to 0.31, 0.30 to 0.32, 0.31 to 0.33, or 0.32 to 0.34.
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Related Book For
Statistics For Business And Economics
ISBN: 9780132745659
8th Edition
Authors: Paul Newbold, William Carlson, Betty Thorne
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