A sample of 50 Fortune 500 companies (Fortune, April 14, 2003) showed 5 were based in New
Question:
a. Develop an estimate of the proportion of Fortune 500 companies based in New York.
b. Develop an estimate of the number of Fortune 500 companies based in Minnesota.
c. Develop an estimate of the proportion of Fortune 500 companies that are not based in these four states.
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a We would use the sample proportion for the estimate Authors note The actual propor...View the full answer
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Related Book For 
Statistics For Business And Economics
ISBN: 9780538481649
11th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
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