An investment website can tell what devices are used to access the site. The site managers wonder

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An investment website can tell what devices are used to access the site. The site managers wonder whether they should enhance the facilities for trading via smartphones so they want to estimate the proportion of users who access the site that way (even if they also use their computers sometimes). They draw a random sample of 200 investors from their customers. Suppose that the true proportion of smartphone users is 36%.
a) What would you expect the shape of the sampling distribution for the sample proportion to be?
b) What would be the mean of this sampling distribution?
c)
What would be the standard deviation of the sampling distribution?
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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Stats Data and Models

ISBN: 978-0321986498

4th edition

Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock

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