According to the Internal Revenue Service, 75% of all tax returns lead to a refund. A random sample of 100 tax returns is taken.    What is the probability that the sample proportion exceeds 0.8?

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section: Chapter Questions
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According to the Internal Revenue Service, 75% of all tax returns lead to a refund. A random sample of 100 tax returns is taken. 

 

  1. What is the probability that the sample proportion exceeds 0.8?
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