Insurance Policy Sales Narrative
Independent random samples of and sales phone calls for an insurance policy were randomly selected from binomial populations 1 and 2, respectively. Sample 1 had 80 successful sales, and sample 2 had 88 successful sales.
-Refer to Insurance Policy Sales Narrative. Calculate the standard error of . Based on your knowledge of the standard normal distribution, is this a likely or an unlikely observation, assuming that is true and the two population proportions are the same? Justify your conclusion.

Question

Insurance Policy Sales Narrative
Independent random samples of  and  sales phone calls for an insurance policy were randomly selected from binomial populations 1 and 2, respectively. Sample 1 had 80 successful sales, and sample 2 had 88 successful sales.
-Refer to Insurance Policy Sales Narrative. Calculate the standard error of  . Based on your knowledge of the standard normal distribution, is this a likely or an unlikely observation, assuming that  is true and the two population proportions are the same? Justify your conclusion.

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The Answer of Insurance Policy Sales Narrative
Independent random samples of  and  sales phone calls for an insurance policy were randomly selected from binomial populations 1 and 2, respectively. Sample 1 had 80 successful sales, and sample 2 had 88 successful sales.
-Refer to Insurance Policy Sales Narrative. Calculate the standard error of  . Based on your knowledge of the standard normal distribution, is this a likely or an unlikely observation, assuming that  is true and the two population proportions are the same? Justify your conclusion.