In a January 2014 survey conducted by the Associated Press- We TV, 68% of American adults said
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In a January 2014 survey conducted by the Associated Press- We TV, 68% of American adults said that owning a home is the most important thing or a very important but not the most important thing (opportunityagenda.org). Assume that this percentage is true for the current population of American adults. Let p̂ be the proportion in a random sample of 1000 American adults who hold the above opinion. Find the mean and standard deviation of the sampling distribution of p̂ and describe its shape.
DistributionThe 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...
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