Standard deviation of the sample proportion


In a Midwestern state an automobile insurance company has a large number of customers. From company files it is known that 80% of the customers have only the state minimums for insurance. An official with the state board of insurance is going to take a random sample of 100 accounts to review. Find the standard deviation of the sample proportion in this situation.

Give your answer to 4 decimal places. For help on how to input a numeric answer, please see "Instructions for inputting a numeric response."

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Basic Statistics: Standard deviation of the sample proportion
Reference No:- TGS0712324

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