Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Based on past data, the owner of a store believes that 80% of customers who walk in his store will make a purchase.Say, a random
Based on past data, the owner of a store believes that 80% of customers who walk in his store will make a purchase.Say, a random sample of 83 customers walks in his store and 69% of these made a purchase. What is the standard deviation of the sampling distribution of the sample proportion of customers who walk in and make a purchase in this store?
a, 0.00
b 0.04
c, -250.54
d, 0.05
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started