Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. (8.2) What is the criteria that we use to check the normality of the sampling distribution of p? Why do we need to

image text in transcribedimage text in transcribed

1. (8.2) What is the criteria that we use to check the normality of the sampling distribution of p? Why do we need to check it? 2. (8.2) According to the BBMG Conscious Consumer Report, 51% of the adults surveyed said that they are willing to pay more for products with social and environmental benefits despite the current tough economic times (USA TODAY, June 8, 2009). Suppose this result is true for the current population of adult Americans. a) Suppose 1050 adult Americans is asked if they are willing to pay more for products with social and environmental benefits despite the current tough economic time. Describe the sampling distribution of p, the proportion of adult Americans who will hold the said opinion. b) What is the probability that in a random sample of 1050 adult Americans, between 53% and 55% will hold the said opinion. Round your answer to 3 decimal places. c) what is the probability that in a random sample of 1050 adult americans, more then 570 will hold the said opinion? is it an unusual number? why or why not?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting Information for Decision-Making and Strategy Execution

Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young

6th Edition

137024975, 978-0137024971

Students also viewed these Mathematics questions

Question

What is meant by the phrase Communication is a dynamic process?

Answered: 1 week ago