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The Institute for Policy Studies, a progressive think tank based in Washington, DC, has conducted a national survey to determine the percentage of households that
The Institute for Policy Studies, a progressive think tank based in Washington, DC, has conducted a national survey to determine the percentage of households that are 'underwater' financially, meaning they owe more than they own. According to the study, 22% of US households have negative wealth. A random sample of size 55 was obtained. Let 13 be the proportion of the sample that have negative wealth. 1. Use the Central Limit Theorem _ l to describe the probability distribution of 36 and state its parameters \":3 and a,-,: (Round the answers to 4 decimal places) 15~ m.= Clo: C1) 2. Find the probability that between 2396 and 24% of the sample have negative wealth. C] (Round the answer to 4 decimal places] Question Help: 3 Message instructor
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