A survey of all medium- and large-sized corporations showed that 61% of them offer retirement plans to their employees. Let p be the proportion in a random sample of 80 such corporations that offer retirement plans to their employees. Find the probability that the value of p will be greater than 0.7. Round your answer to four decimal places. P6 > 0.7) i

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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A survey of all medium- and large-sized corporations showed that 61% of them offer retirement plans to
their employees. Let p be the proportion in a random sample of 80 such corporations that offer retirement
plans to their employees. Find the probability that the value of p will be greater than 0.7.
Round your answer to four decimal places.
P(p > 0.7)
i
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Transcribed Image Text:Current Attempt in Progress A survey of all medium- and large-sized corporations showed that 61% of them offer retirement plans to their employees. Let p be the proportion in a random sample of 80 such corporations that offer retirement plans to their employees. Find the probability that the value of p will be greater than 0.7. Round your answer to four decimal places. P(p > 0.7) i Save for Later
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