The article Unmarried Couples More Likely to Be Interracial (San Luis Obispo Tribune, March 13, 2002) reported
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a. A random sample of n = 100 couples will be selected from this population and ˆ p, the proportion of couples that are mixed racially or ethnically, will be computed. What are the mean and standard deviation of the sampling distribution of ˆ p?
b. Is the sampling distribution of ˆ p approximately normal for random samples of size n = 100? Explain.
c. Suppose that the sample size is n = 200 rather than n = 100. Does the change in sample size affect the mean and standard deviation of the sampling distribution of ˆ p ? If so, what are the new values for the mean and standard deviation? If not, explain why not.
d. Is the sampling distribution of ˆ p approximately normal for random samples of size n = 200? Explain.
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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