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A direct mail company wishes to estimate the proportion of people on a large mailing list...

A direct mail company wishes to estimate the proportion of people on a large mailing list that will purchase a product. Suppose the true proportion is 0.05. If 324 are sampled, what is the probability that the sample proportion will be less than 0.08? Round your answer to four decimal places.

Math   Statistics-And-Probability   
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TOPIC:Sampling distribution of the sample proportion and the required probability.

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