Question
A direct mail company wishes to estimate the proportion of people on a large mailing list that will purchase a product. Suppose the true proportion
A direct mail company wishes to estimate the proportion of people on a large mailing list that will purchase a product. Suppose the true proportion is 0.07
0.07.
If343
343are sampled, what is the probability that the sample proportion will be less than0.11
0.11? Round your answer to four decimal places.
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Macroeconomics
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
6th Canadian Edition
321675606, 978-0321675606
