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Exhibit 7-3
In a local university, 40% of the students live in the dormitories. A random sample of 80 students is selected for a particular study.
-Refer to Exhibit 7-3. The probability that the sample proportion (the proportion living in the dormitories) is at least 0.30 is
Supreme Court
The highest judicial court in a country or state, which typically has the final say in legal disputes.
Antitrust Cases
Legal disputes that arise when businesses are accused of practices that limit competition, aiming to protect consumers and ensure a fair marketplace.
Standard Oil
An American oil producing, transporting, refining, and marketing company. Established in 1870 by John D. Rockefeller and partners, it was a predominant integrated oil producing, transporting, refining, and marketing company of its time.
Federal Trade Commission
An independent agency of the United States government aimed at preventing anti-competitive, deceptive, and unfair business practices.
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