Suppose 50% of the population has a college degree. If a random sample of size 673 is selected, what is the probability that the proportion of persons with a college degree will differ from the population proportion by less than 5%? Round your answer to four decimal places.
Sample size, n = 673
Population proportion, P = 0.50
The probability that the proportion of persons with a college degree will differ from the population proportion by less than 5%, =
From standard normal table
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