SCENARIO 7-5 According to an Article, 19% of the Entire

question 112

Short Answer

SCENARIO 7-5 According to an article, 19% of the entire population in a developing country has high-speed access to the Internet.Random samples of size 200 are selected from the country's population.
-Referring to Scenario 7-5, what is the probability more than 30% of the entire population will have high-speed access to the Internet?

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Definitions:

Freedom Of Enterprise

The freedom of firms to obtain economic resources, to use those resources to produce products of the firms’ own choosing, and to sell their products in markets of their choice.

Individual Firms

Separate business entities that produce goods or provide services in an economy.

Laissez-Faire Capitalism

An economic system where private parties are free from government intervention in the production and distribution of goods and services, barring basic regulations.

Government Role

The range of activities undertaken by the government to regulate, supervise, and participate in the economy, including legislation, taxation, and public services.