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Delta Security, a residential and commercial alarm and security company, conducted a probability survey among its current customers to determine how likely they would be
Delta Security, a residential and commercial alarm and security company, conducted a probability survey among its current customers to determine how likely they would be to purchase a new alarm system. Results of the survey showed that 30% of the respondents indicate they are Likely or Very Likely to purchase such a system. The margin of error is 5%. Which of the statements below is correct? Question 14 options: a) There is a 5% chance that Richmond Security will make the wrong decision on this data. b) There is a 95% chance that Richmond Security will make the right decision on this data. c) The real percentage of the customers who are likely to purchase the new alarm system ranges between 25%-35%. d) There is + or - 5% chance that Richmond Security will make the right decision. e) The real percentage of the customers who are likely to purchase the new system ranges between 0%-5%
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