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The marketing manager for the print division of Publishing and Broadcasting Limited claims that 23% of university students regularly read the Bulletin magazine

Economics

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The marketing manager for the print division of Publishing and Broadcasting Limited claims that 23% of university students regularly read the Bulletin magazine. A survey of 240 students showed that only 43 students read the Bulletin regularly. Assuming the manager's claim is correct, determine (to 4 decimal places): 1. the standard error for the sampling distribution of the proportion. 0.0272 2. the probability that the sample proportion is no more than that found in the survey.