Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I have an homework assignment and I am looking for help According to the 2000 U.S. Census , 80 % of Americans over the age

I have an homework assignment and I am looking for help

According to the 2000 U.S. Census , 80 % of Americans over the age of 25 have earned a high school diploma . Suppose we take a random sample of 120 Americans and record the proportion , p-hat , of individuals in our sample that have a high school diploma . What is the probability that less than 75 % of the sample have earned a H.S. diploma?

A. 0.266

B. 0.085

C. 0.063

D. Practically Zero

E. We cannot say because the condition for randomness, independence, or normality is not met.

F. 0.037

Its a multiple choice question

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

Step: 3

blur-text-image

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

Mathematics for Economics and Business

Authors: Ian Jacques

9th edition

129219166X, 9781292191706 , 978-1292191669

More Books

Students also viewed these Mathematics questions

Question

=+5 What metrics do companies use?

Answered: 1 week ago