Academic approach-statistics-probability

Reference no: EM13103762

A City Survey states that 70 percent of all business owners favor increasing the parking fees. The city has commissioned a random sample of n = 100 business owners. Of these, 63 stated that they favor increasing the parking fees. What is the probability of 63 or fewer favoring the idea if the Survey's claim is correct?

Reference no: EM13103762

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