Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An investment website can tell what devices are used to access the site. The site managers wonder whether they should enhance the facilities for trading
An investment website can tell what devices are used to access the site. The site managers wonder whether they should enhance the facilities for trading via "smart phones," so they want to estimate the proportion of users who access the site that way (even if they also use their computers sometimes). They draw a random sample of 300 investors from their customers. Suppose that the true proportion of smart phone users is 42%. Complete parts a through c below. a) What would you expect the shape of the sampling distribution for the sample proportion to be? O A. Uniform O B. Normal O C. Exponential O D. None of these b) What would be the mean of this sampling distribution? O A. The mean would be . (Type an integer or a decimal.) O B. The mean cannot be determined. c) If the sample size were increased to 600, would your answers change? Explain. O A. Yes, although the mean would still be the same, the shape and symmetry characteristics would change. O B. No, the shape, symmetry characteristics, and mean will only change if the sample size is increased by at least 1000. O C. Yes, although the shape and symmetry characteristics would remain, the mean would increase O D. No, the shape and symmetry characteristics would still be approximately the same and the mean would still be the same
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started