A direct mail company wishes to estimate the proportion of people on a large mailing list that will purchase a product.

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A direct mail company wishes to estimate the proportion of people on a large mailing list that will purchase a product.

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A Direct Mail Company Wishes To Estimate The Proportion Of People On A Large Mailing List That Will Purchase A Product 1
A Direct Mail Company Wishes To Estimate The Proportion Of People On A Large Mailing List That Will Purchase A Product 1 (11.27 KiB) Viewed 502 times
A direct mail company wishes to estimate the proportion of people on a large mailing list that will purchase a product. Suppose the true proportion is 0.06. If 224 are sampled, what is the probability that the sample proportion will be less than 0.05? Round your answer to four decimal places.
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