People end up tossing 12% of what they buy at the grocery store (Readers Digest. March 2009).

Question:

People end up tossing 12% of what they buy at the grocery store (Reader’s Digest. March 2009). Assume this is the true population proportion and that you plan to take a sample survey of 540 grocery shoppers to further investigate their behavior.

a. Show the sampling distribution of ṕ, the proportion of groceries thrown out by your sample respondents.

b. What is the probability that your survey will provide a sample proportion within ± .03 of the population proportion?

c. What is the probability that your survey will provide a sample proportion within ± .015 of the population proportion?

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...