At Goldey-Beacom College, 56% of employees carry dependent family members on their health insurance plans. Currently, there
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At Goldey-Beacom College, 56% of employees carry dependent family members on their health insurance plans.
Currently, there are 200 employees working for the college.
A random sample of 50 employees is selected.
a. What is the probability that less than 60% of the sample carries dependent family members on their health insurance plan?
b. Answer the question in part a using sample sizes of 100 and 150. Explain the differences in these probabilities.
c. Answer the question in part a without the finite correction factor. Explain the differences in these probabilities.
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