Approximate probability that cable company will keep

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Reference no: EM131010398

Suppose that 20% of the subscribers of a cable television company watch the shopping channel at least once a week. The cable company is trying to decide whether to replace this channel with a new local station. A survey of 100 subscribers will be undertaken. The cable company has decided to keep the shopping channel if the sample proportion is greater than .25. What is the approximate probability that the cable company will keep the shopping channel, even though the proportion of all subscribers who watch it is only .20?

Reference no: EM131010398

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