The Food Marketing Institute shows that 17% of households spend more than $100 per week on groceries.
Question:
The Food Marketing Institute shows that 17% of households spend more than $100 per week on groceries. Assume the population proportion is p .17 and a simple random sample of 800 households will be selected from the population.
a. Show the sampling distribution of , the sample proportion of households spending more than $100 per week on groceries.
b. What is the probability that the sample proportion will be within .02 of the population proportion?
c. Answer part
(b) for a sample of 1600 households.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Simon kingori
I am a tier-one market researcher and content developer who has been in this field for the last six years. I’ve run the freelancing gamut; from market research, data mining and SEO/SMM to copywriting, Content Development, you name it, I’ve done it. I’m extremely motivated, organized and disciplined – you have to be to work from home. My experience in Freelancing is invaluable- but what makes me a cut above the rest is my passion to deliver quality results to all my clients- it’s important to note, I've never had a dissatisfied client. Backed by a Masters degree in Computer Science from MOI university, I have the required skill set and burning passion and desire to deliver the best results for my clients. This is the reason why I am a cut above the rest. Having taken a Bsc. in computer science and statistics, I deal with all round fields in the IT category. It is a field i enjoy working in as it is dynamic and new things present themselves every day for research and exploration.
1+ Reviews
10+ Question Solved
Related Book For 
Statistics For Business And Economics
ISBN: 9780324783247
11th Edition
Authors: Thomas A. Williams, Dennis J. Sweeney, David R. Anderson
Question Posted:
