A survey of all medium- and large-sized corporations showed that 69% of them offer retirement plans to their employees. Let p^be the proportion in a random sample of 30 such corporations that offer retirement plans to their employees. Find the probability that the value of p^ will be greater than 0.85.
A survey of all medium- and large-sized corporations showed that 69% of them offer retirement plans to their employees. Let p^be the proportion in a random sample of 30 such corporations that offer retirement plans to their employees. Find the probability that the value of p^ will be greater than 0.85.
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section: Chapter Questions
Problem 27T
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A survey of all medium- and large-sized corporations showed that 69% of them offer retirement plans to their employees. Let p^be the proportion in a random sample of 30 such corporations that offer retirement plans to their employees. Find the probability that the value of p^ will be greater than 0.85.
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