Question
The Food Marketing Institute shows that 17% of households spend more than $100 per week on groceries. Assume that the population proportion is P =
The Food Marketing Institute shows that17% of householdsspend more than $100 per week on groceries. Assume that the population proportion isP = .17 and a sample of 600 householdswill be selected from thepopulation.
Answer the following questions. The requirements to use the normal distribution,are satisfied.
1.Calculate the standard error oftheproportion of households spending more than $100 per week on groceries (to 4decimals).
2.What is the probability that the sample proportion will be within +/- .03of the population proportion (to 4 decimals)?
Find the values of z-scores first.
1.(rounded to 4 decimal places):
2. a. Z-scores(rounded to 2decimal places):
b. The probability(rounded to 4 decimal places):
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