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Based on past data, the owner of an online shopping site believes that 72% of customers who visit the site will make a purchase. Say,
Based on past data, the owner of an online shopping site believes that 72% of customers who visit the site will make a purchase. Say, a random sample of 55 customers visits the site, and 29 of these make a purchase. What is the standard deviation of the sampling distribution of the sample proportion of customers who visit the site and make a purchase?
Work to a minimum of four decimal places throughout your calculation.
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