Goofy's fast food center wishes to estimate the proportion of people in its city that will purchase its products. Suppose the true proportion is 0.03. If 464 are sampled, what is the probability that the sample proportion will be greater than 0.05? Round your answer to four decimal places.
Goofy's fast food center wishes to estimate the proportion of people in its city that will purchase its products. Suppose the true proportion is 0.03. If 464 are sampled, what is the probability that the sample proportion will be greater than 0.05? Round your answer to four decimal places.
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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