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

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 50E: Flexible Work Hours In a recent survey, people were asked whether they would prefer to work flexible...
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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
Save for Later
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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