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According to a survey in a country, 26% of adults do not own a credit card. Suppose a simple random sample of 700 adults is
According to a survey in a country, 26% of adults do not own a credit card. Suppose a simple random sample of 700 adults is obtained. Complete parts (a) through (d) below. Click here to View the standard normal distribution table (Egg); Click here to View the standard normal distribution table (Egg); @ Determine the mean of the sampling distribution of 6. \"B = D (Round to two decimal places as needed.) Determine the standard deviation of the sampling distribution of S. on = D (Round to three decimal places as needed.) D (b) What is the probability that in a random sample of 700 adults, more than 27% do not own a credit card? The probability is D. (Round to four decimal places as needed.) Interpret this probability. If 100 different random samples of 700 adults were obtained, one would expect D to result in more than 27% not owning a credit card. (Round to the nearest integer as needed.) (c) What is the probability that in a random sample of 700 adults, between 22% and 27% do not own a credit card? The probability is D. (Round to four decimal places as needed.) Interpret this probability. If 100 different random samples of 700 adults were obtained, one would expect D to result in between 22% and 27% not owning a credit card. (Round to the nearest integer as needed.)
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