A direct mail company wishes to estimate the proportion of people on a large mailing list that will purchase a product.
Posted: Sun Sep 05, 2021 5:11 pm
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.
A direct mail