What is the sampling distribution of p ? for this study? , Ask an Expert

Economics

The president of Doerman Distributors, Inc., believes that 30% of the firm's orders come from first-time customers. A random sample of 100 orders will be used to estimate the pro- portion of first-time customers.

Assume that the president is correct and p? .30. What is the sampling distribution of p ? for this study?

What is the probability that the sample proportion p? will be between .20 and .40?

What is the probability that the sample proportion will be between .25 and .35?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9442292

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