In a recent year, the Better Business Bureau settled 75% of complaints they received. You have been hired by the Bureau to investigate complaints this year involving computer stores. You plan to select a random sample of complaints to estimate the proportion of complaints the Bureau is able to settle. Suppose your sample size is 134. What is the probability that the sample proportion will be at most 3 percent more than the population proportion? (Enter your answer as a number accurate to 4 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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In a recent year, the Better Business Bureau settled 75% of complaints they received. You have been hired by
the Bureau to investigate complaints this year involving computer stores. You plan to select a random sample
of complaints to estimate the proportion of complaints the Bureau is able to settle. Suppose your sample size
is 134. What is the probability that the sample proportion will be at most 3 percent more than the population
proportion?
(Enter your answer as a number accurate to 4 decimal places.)
Transcribed Image Text:In a recent year, the Better Business Bureau settled 75% of complaints they received. You have been hired by the Bureau to investigate complaints this year involving computer stores. You plan to select a random sample of complaints to estimate the proportion of complaints the Bureau is able to settle. Suppose your sample size is 134. What is the probability that the sample proportion will be at most 3 percent more than the population proportion? (Enter your answer as a number accurate to 4 decimal places.)
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