The president of Doerman Distributors, Inc., believes that 34% of the firm's orders come from first-time customers. A random sample of 100 orders will be used to estimate the proportion of first-time customers. Assume that the president is correct and p = 0.34. What is the sampling error of p for this study? If required, round your answer to four decimal places.
The president of Doerman Distributors, Inc., believes that 34% of the firm's orders come from first-time customers. A random sample of 100 orders will be used to estimate the proportion of first-time customers. Assume that the president is correct and p = 0.34. What is the sampling error of p for this study? If required, round your answer to four decimal places.
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter11: Data Analysis And Displays
Section: Chapter Questions
Problem 3CR
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The president of Doerman Distributors, Inc., believes that 34% of the firm's orders come from first-time customers. A random sample of 100 orders will be used to estimate the proportion of first-time customers. Assume that the president is correct and p = 0.34. What is the sampling error of p for this study? If required, round your answer to four decimal places.
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