A company that produces SSS handkerchiefs was fairly certain that their handkerchief brand had a 20% market
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Question:
A company that produces SSS handkerchiefs was fairly certain that their handkerchief brand had a 20% market share. In a market survey involving 3,000 handkerchief buyers, 660 expressed a preference on their brand. If the 20% figure is correct, find the probability of observing 660 or fewer customers preferring the SSS brand of handkerchief.
Related Book For
Basic Business Statistics Concepts and Applications
ISBN: 978-0132168380
12th edition
Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel
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