A study of full-time emergency medical service (EMS) workers published in the Journal of Allied Health (Fall

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A study of full-time emergency medical service (EMS) workers published in the Journal of Allied Health (Fall 2011) found that only about 3% leave their job in order to retire. Assume that the true proportion of all full-time EMS workers who leave their job in order to retire is p = .03. In a random sample of 1,000 full-time EMS workers, let p̂ represent the proportion who leave their job in order to retire.
a. Describe the properties of the sampling distribution of p̂.
b. Compute P(p̂ < .05). Interpret this result.
c. Compute P(p̂ > .025). Interpret this result.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Statistics For Business And Economics

ISBN: 9780321826237

12th Edition

Authors: James T. McClave, P. George Benson, Terry T Sincich

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