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Statistics - Probability

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A City Survey states that 70 percent of all business owners favor increasing the parking fees. The city has commissioned a random sample of n = 100 business owners. Of these, 63 stated that they favor increasing the parking fees. What is the probability of 63 or fewer favoring the idea if the Survey's claim is correct?

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Solution Summary

The probability of city surveys are determined. A complete, neat and step-by-step solution is provided.

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