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According to a study conducted in one city, 33% of adults in the city have credit card debts of more than $2000. A simple random

According to a study conducted in one city, 33% of adults in the city have credit card debts of more than $2000. A simple random sample of n=400 adults is obtained from the city. Describe the sampling distribution of p, the sample proportion of adults who have credit card debts of more than $2000. Round to three decimal places when necessary.

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