From a population of 2000 accounts receivable, a simple random sample of 120 accounts is selected. Thirty-six of the accounts in the sample were overdue.
a.Estimate the standard error of the proportion of the overdue accounts.
b.Develop an approximate 95% confidence interval for the proportion of overdue accounts in the population.

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The Answer of From a population of 2000 accounts receivable, a simple random sample of 120 accounts is selected. Thirty-six of the accounts in the sample were overdue.
a.Estimate the standard error of the proportion of the overdue accounts.
b.Develop an approximate 95% confidence interval for the proportion of overdue accounts in the population.

From a Population of 2000 Accounts Receivable, a Simple Random