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According to a survey in a country, 27% of adults do not own a credit card. Suppose a simple random sample of 700 adults
According to a survey in a country, 27% of adults do not own a credit card. Suppose a simple random sample of 700 adults is obtained. Complete parts (a) through (d) below. (a) Describe the sampling distribution of p, the sample proportion of adults who do not own a credit card. Choose the phrase that best describes the shape of the sampling distribution of p below. OA. Approximately normal because n 0.05N and np(1 - p) 10 OB. Approximately normal because n 0.05N and np(1 - p) < 10 OC. Not normal because n 0.05N and np(1 - p)
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