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Company

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AP Statistics

Definition

A company is an organization or business entity that produces and sells goods or provides services to customers.

"Company" also found in:

Practice Questions (1)

A company claims that 70% of its customers are satisfied with its products and services. To test this claim, a researcher randomly selects a sample of 200 customers and finds that 198 of them report being satisfied. They want to conduct a one-proportion z-test to determine whether the sample proportion of satisfied customers is significantly different from the claimed proportion of 70%. Is the Normal condition for the test satisfied?

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