Let p be the proportion of elements in a sample that possess a characteristic. a. What is
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Let p̂ be the proportion of elements in a sample that possess a characteristic.
a. What is the mean of p̂ ?
b. What is the formula to calculate the standard deviation of p̂ ?
Assume n∕N ≤ .05.
c. What condition(s) must hold true for the sampling distribution of p̂ to be approximately normal?
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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