(Answered) A random sample of 68 households was selected for a phone

Management Studies

A random sample of 68 households was selected for a phone survey. The key question asked? was, "Do you or any member of your household own a product from Company? A?" Of the 68 ?respondents, 34 said yes and 34said no.

a. Determine the sample? proportion, p, of households that own a Company A product.

b. If the population proportion is 0.70, determine the standard error of the proportion.

a. p=________________

?(Round to two decimal places as? needed.)

b. σp=_________________

?(Round to four decimal places as? needed.)

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