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According to data from the 2010 United States Census, 43.1% of Americans over the age of 65 were male. Suppose Maria, a researcher, takes a random sample of 60 Americans over the age of 65 and finds that 18 are male. Let p^ represent the sample proportion of Americans over the age of 65 that were male.
What are the mean and standard deviation of the sampling distribution of p^ ? Provide your answer rounded to three decimal places.
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Calculate the break-even revenue for the firm above if the fixed cost stays the same at $5,700 but the variable cost increases to $2.65 per unit and the product is sold at $
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