Question: The U.S. Census Bureau reported that in 2015, the proportion of adult Americans age 25 and older who have a bachelors degree or higher is

The U.S. Census Bureau reported that in 2015, the proportion of adult Americans age 25 and older who have a bachelor’s degree or higher is 0.325 (“Educational Attainment in the United States: 2015,” census.gov, retrieved January 22, 2017). Consider the population of all adult Americans age 25 and over in 2015 and define p̂ to the proportion of people in a random sample from this population who have a bachelor’s degree or higher.

a. Would p̂ based on a random sample of only 10 people from this population have approximately a normal distribution? Explain why or why not.

b. What are the mean value and standard deviation of p based on a random sample of size 400?

c. Suppose that the sample size is n = 200 rather than n = 400. Does the change in sample size affect the mean and standard deviation of the sampling distribution of p̂? If so, what are the new values for the mean and standard deviation? If not, explain why not.

Step by Step Solution

3.42 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a No the sampling distribution of p based on a random sample of size 10 r... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Business Statistics Questions!