A Food Marketing Institute found that 53% of households spend
more than $125 a week on groceries. Assume the population
proportion is 0.53 and a simple random sample of 83 households is
selected from the population. What is the probability that the
sample proportion of households spending more than $125 a week is
more than than 0.48?
Note: You should carefully round any z-values you calculate to 4
decimal places to match wamap's approach and calculations.
(Enter your answer as a number accurate to 4 decimal places.)
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