In a particular year 1/3 of home sales were partially financed by the seller. A random sample

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In a particular year 1/3 of home sales were partially financed by the seller. A random sample of 300 sales is examined.
a. The probability is 0.9 that the sample proportion is more than what amount?
b. The probability is 0.6 that the sample proportion is less than what amount?
c. The probability is 0.7 that the sample proportion differs from the population proportion by how much?

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Statistics For Business And Economics

ISBN: 9781292315034

9th Global Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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