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.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
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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Transcribed Image Text: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.
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