It has been estimated that 17.0% of mutual fund shareholders are retired persons. Assuming the population proportion
Question:
It has been estimated that 17.0% of mutual fund shareholders are retired persons. Assuming the population proportion π = 0.17 to be and that a simple random sample of 400 shareholders has been selected:
a. What is the expected value of p = the proportion of those in the sample who are retired?
b. What is the standard error of the sampling distribution of the proportion, p?
c. What is the probability that at least 20% of those in the sample will be retired?
d. What is the probability that between 15% and 25% of those in the sample will be retired?
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...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
a Ep 017 b c d 03554 05000 08554 Note Because z 426 is b...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
1+ Reviews
10+ Question Solved
Related Book For 
Question Posted:
