Question: cAN YOU EXPLAIN THIS STEP BY STEP A direct mail company wishes to estimate the proportion of people on a large mailing list that will

cAN YOU EXPLAIN THIS STEP BY STEP

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 0.07

If396are sampled, what is the probability that the sample proportion will be less than0.090.09? Round your answer to four decimal places.

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