The answer explains how to calculate probability and margin of error for statistical samples.
Probability Calculation: To find the probability of the proportion of Malawians owning Techno smartphones being between 45% and 50% in a sample of 50, you need to use the Normal distribution. First, calculate the standard error: sqrt((p(1-p))/n), where p is 0.43. Then find the z-scores for 45% and 50% and use a Z-table to find the probabilities.
Margin of Error Calculation: The margin of error for estimating the population mean is given by: z (standard deviation / sqrt(n)), where z is the critical value from the z-table for the desired confidence level.
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