The article Most Customers OK with New Bulbs (USA Today, Feb. 18, 2011) describes a survey of
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a. Describe the shape, center, and spread of the sampling distribution of for random samples of size 1,016 if the null hypothesis H0: p = 0.70 is true.
b. Would you be surprised to observe a sample proportion of = 0.72 for a sample of size 1,016 if the null hypothesis H0: p = 0.70 were true? Explain why or why not.
c. Would you be surprised to observe a sample proportion as large as = 0.75 for a sample of size 1,016 if the null hypothesis H0: p = 0.70 were true? Explain why or why not.
d. The actual sample proportion observed in the study was = 0.71. Based on this sample proportion, is there convincing evidence that more than 70% have replaced standard bulbs with CFL bulbs, or is this sample proportion consistent with what you would expect to see when the null hypothesis is true? Support your answer with a probability calculation. Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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