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A Random Sample of 70 Printers Discovered That 25 of Them

question 60

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A random sample of 70 printers discovered that 25 of them were being used in small businesses . Find the 95% limit for the population proportion of printers that are used in small businesses.


Definitions:

Normally Distributed

A type of distribution where data points are symmetrically distributed around the mean, forming a bell-shaped curve.

Exponential Distribution

A continuous probability distribution used to model the time between events in a Poisson point process, characterized by a constant mean rate or rate parameter.

Upper Limit

The upper limit refers to the highest value or boundary that a certain data range, interval, or measurement can reach.

Random Variable

A variable whose outcomes are determined by a random phenomenon, used in probability and statistical analysis.

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