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Use the following information for the next TWO Questions: Business executives often complain that there are too many government regulations. Suppose that 70% of all
Use the following information for the next TWO Questions: Business executives often complain that there are too many government regulations. Suppose that 70% of all CEOs believe there are too many government regulations. 6. A random sample of 150 CEOs is taken. The probability that more than 1% of this sample of CEOs feel there are too many government regulations is 15%. That is, P03 > r) = 0.15. What is the value of r? (A) 73.2 (B) 70.6 (C) 73.9 (D) 66.1
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