An official from the downtown development authority claims

Reference no: EM13632870

An official from the downtown development authority claims that the percentage of local businesses that have had some growth in the past year is 50%. A random sample of 44 local businesses is taken, and they were asked whether they have grown over the past year.

a.) What is the probability that 60% or more of the sampled businesses have experienced some growth over the past year?

b.) Is this a rare event? (happens less than 5% of the time)

Reference no: EM13632870

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