Suppose that 20% of all invoices are for amounts greater than $800.A random sample of 50 invoices
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Question:
Suppose that 20% of all invoices are for amounts greater than $800.A random sample of 50 invoices is taken.
What is the mean and standard error of the sample proportion ofinvoices with amounts in excess of $800?
Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 9781119577621
3rd Canadian Edition
Authors: Ken Black, Ignacio Castillo
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