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?
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?
Chapter8: Sequences, Series,and Probability
Section: Chapter Questions
Problem 20T
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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.
- What is the probability that the sample proportion exceeds 0.8?
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