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QUESTION
Suppose 60% of entrepreneurs are under 30 years old. What is the probability that: a) A randomly selected entrepreneur has an age of more than 30
Suppose 60% of entrepreneurs are under 30 years old. What is the probability that:
a) A randomly selected entrepreneur has an age of more than 30 years?
b) The sample proportion of entrepreneurs who are under 30 years old lies between 0.65 and 0.70, under repeated sampling if the sample size is 25?
