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An analysis of 64 Wall Street traders showed that 41 of their stock picks beat the...

An analysis of 64 Wall Street traders showed that 41 of their stock picks beat the market average. What is the estimate of the population proportion? What is the standard error of this estimate? Question 2 options: 1) The true population proportion is needed to calculate this. 2) Estimate of proportion: 0.641, Standard error: 0.0600. 3) Estimate of proportion: 0.359, Standard error: 0.0075. 4) Estimate of proportion: 0.641, Standard error: 0.0075. 5) Estimate of proportion: 0.359, Standard error: 0.0600.

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