Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Assume that the population proportion of adults having a college degree is 0.44. A random sample of 375 adults is to be selected to

2. Assume that the population proportion of adults having a college degree is 0.44. A random sample of 375 adults is to be selected to test this claim.

A) What are the shape, mean, and standard deviation of the sampling distribution of the sample proportion for samples of 375?

B) What is the probability that the sample proportion will be less than 0.50?

C) What is the probability that the sample proportion will fall within 4 percentage points(+/- 0.04) of the population proportion?

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_2

Step: 3

blur-text-image_3

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

Econometric Analysis

Authors: William H. Greene

5th Edition

130661899, 978-0130661890

More Books

Students also viewed these Economics questions

Question

LO2.6 Explain how the market system deals with risk.

Answered: 1 week ago