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Consider a population where 60% of observations possess a desired characteristic. Furthermore, consider the sampling distribution of a sample proportion with a sample size of
Consider a population where 60% of observations possess a desired characteristic. Furthermore, consider the sampling distribution of a sample proportion with a sample size of n = 374. Use this information to determine the following probabilities. Round solutions to four decimal places, if necessary. Find the probability that in a random sample of 374 observations, greater than 68% of the observations possess the desired characteristic. P05 > 0.68) = [:] Find the probability that in a random sample of 374 observations, between 54% and 59% of the observations possess the desired characteristic. P(0.54
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