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Consider the situation of Exercise 6.32.
a. Use the investment broker's report to estimate the maximum yearly return that might be obtained by investing in tax-free municipal bonds.
b. Find the probability that the yearly return obtained by investing in common stocks will be higher than the maximum yearly return that might be obtained by investing in tax-free municipal bonds.
Text Book: Business Statics in Practice By BOWERMAN.
Binomial probability distribution
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Calculate the sample size needed given these factors
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