Question
According to a survey in a country, 38% of adults do not own a credit card. Suppose a random sample of 600 adults is obtained.
According to a survey in a country, 38% of adults do not own a credit card. Suppose a random sample of 600 adults is obtained. Complete par A through D
A)Determine the mean of the sampling distribution
B)Determine the standard deviation of the sampling distribution
C)What is the probability that in a random sample of 600 adults, more than 41% do not own a credit card
if 100 different random samples of 600 adults were obtained, One would expect__ to result in more than 41% not owning a credit card.
what is the probability that in a random sample of 600 adults, between 36% and 41% do not own a credit card
D) Would it be unusual for a random sample of 600 adults to result in 216 or fewer who do not own a credit card , why
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