Essay
Insurance Policy Sales Narrative
Independent random samples of and
sales phone calls for an insurance policy were randomly selected from binomial populations 1 and 2, respectively. Sample 1 had 80 successful sales, and sample 2 had 88 successful sales.
-Refer to Insurance Policy Sales Narrative. Calculate the standard error of . Based on your knowledge of the standard normal distribution, is this a likely or an unlikely observation, assuming that
is true and the two population proportions are the same? Justify your conclusion.
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