Normal Probability:Sampling Distribution of SampleProportion
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For a certain product, Curtis, Inc.'s brand has a market share of 30%. Suppose a survey of 1000 consumers of the product asked which brand they prefer. What is the probability that more than 32% of those surveyed will say that they prefer the Curtis brand?
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Solution Summary
The solution provides step by step method for the calculation of probability using the Z score. Formula for the calculation and Interpretations of the results are also included.
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Distribution of Sample Proportions
For a certain product, Curtis, Inc.'s brand has a market share of 30%. Suppose a survey of ...
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