Determine the sample proportion p of households that own a, Financial Management

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Determine the sample proportion p of households that own a

A random sample of 60

households was selected for a phone survey. The key question asked? was, "Do you or any member of your household own a product from Company? A?" Of the

60 ?respondents, 30said yes and 30said no.

a. Determine the sample? proportion, p, of households that own a Company A product.

b. If the population proportion is 0.70?,

determine the standard error of the proportion.

a. =0.5

B. =

?(Round to four decimal places as? needed.)

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Financial Management: Determine the sample proportion p of households that own a

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