The Chamber of Commerce in a Large Midwestern City Has

Multiple Choice

The Chamber of Commerce in a large Midwestern city has stated that 70 percent of all business owners in the city favor increasing the downtown parking fees. The city council has commissioned a random sample of n = 100 business owners. Of these, 63 said that they favor increasing the parking fees. What is the probability of 63 or fewer favoring the idea if the Chamber's claim is correct?

A) Approximately 0.0630
B) About 0.4370
C) Nearly 0.20
D) About 0.9370