The Food Marketing Institute shows that 17% of households spend more than $100 per week on groceries.
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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 sample of 800 households will be selected from the population.
a. Show the sampling distribution of ṕ, 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.
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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Related Book For
Essentials Of Statistics For Business And Economics
ISBN: 9781305081598
7th Edition
Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam
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