Question

A survey of all medium and large-sized corporations showed that 64% of them offer retirement plans to their employees. Let P be the proportion in a random sample of 50 such corporations that offer retirement plans to their employees. Find the probabilty that the value of P will be: a. less than 0.57 b. greater than 0.71

Answer 1

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Explanation:

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Answer 2

a) 0.9292

b)0.1515

Explanation:

Explained in attachment.