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The following data represent the responses(Y for yes and N forno) from a sample of 20 college students to the questionDo you currently own shares

The following data represent the responses(Y for yes and N forno) from a sample of 20 college students to the question"Do you currently own shares in anystocks?"

N N N N N N Y Y Y N N Y N N Y Y N Y N Y

a. Determine the sampleproportion, p, of college students who own shares of stock.

b. If the population proportion is 0.40 determine the standard error of the proportion.

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