A random sample of size 100 is taken from a population described by the proportion 
. Refer to Exhibit 7-6.The probability that the sample proportion is between 0.55 and 0.62 is __________.
Definitions:
Real Estate Boom
A period during which the prices and demand for real estate significantly rise.
Budget Constraint
Describes the combinations of goods and services that a consumer can purchase given their income and the prices of these goods and services.
House Prices
The monetary value assigned to residential properties, influenced by factors like location, size, and market conditions.
Endowment
An investment fund established by a foundation that makes consistent withdrawals from invested capital, often used by universities, nonprofits, and churches.
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