5.68 Vacation Homes Approximately 60% of Canadians rank owning a vacation home nestled on a beach or

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5.68 Vacation Homes Approximately 60% of Canadians rank "owning a vacation home nestled on a beach or near a mountain resort" as their number one choice for a status symbol. A sample of n = 400 Canadians is randomly selected.

a. What is the average number in the sample who would rank owning a vacation home number one?

b. What is the standard deviation of the number in the sample who would rank owning a vacation home number one?

c. Within what range would you expect to find the number in the sample who would rank having a vacation home as the number one status symbol?

d. If only 200 in a sample of 400 people ranked owning a vacation home as the top status symbol, would you consider this unusual? Explain. What conclusions might you draw from this sample information?

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