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January 19, 2012
Probability and Statistics
We wrapped up by considering a move to 10,000 observations. The standard error of our estimated probability would then be 0.005, putting the critical values for the rejection region at 0.49 and 0.51. We would then reject the null if the sample percentage was 0.55.
Posted by bparke at January 19, 2012 08:17 PM