Assignment:
A bank that employs many part-time tellers is concerned about the increasing number of errors made by the tellers. To estimate the proportion of errors made in a day, a random sample of 400 transactions on a particular day was checked. The proportion of the transactions with errors was computed. If the true proportion of transactions that had errors was 6% that day, what is the probability that the estimated proportion is less than 5%?
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.