Determine whether a normal sampling distribution can be used. If it can be used, test the claim.

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Determine whether a normal sampling distribution can be used. If it can be used, test the claim.


Claim: p < 0.12; α = 0.01. Sample statistics: p̂ = 0.10, n = 40


Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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