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A firm that makes soft drinks wants to estimate the probability that a customer of a certain grocery store will buy one of its products.

A firm that makes soft drinks wants to estimate the probability that a customer of a certain grocery store will buy one of its products. A total of 1500 customers are observed over a period of time. Of these, 600 bought one or more of the firm’s products. On the basis of this information, what is the best estimate of the desired probability?

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