# Question

At Goldey Beacom College, 56% of employees carry dependent family members on their health insurance plans. Currently, there are 200 employees working for the college. A random sample of 50 employees is selected.

a. What is the probability that less than 60% of the sample carries dependent family members on their health insurance plan?

b. Answer the question in part a using sample sizes of 100 and 150. Explain the differences in these probabilities.

c. Answer the question in part a without the finite correction factor. Explain the differences in these probabilities.

a. What is the probability that less than 60% of the sample carries dependent family members on their health insurance plan?

b. Answer the question in part a using sample sizes of 100 and 150. Explain the differences in these probabilities.

c. Answer the question in part a without the finite correction factor. Explain the differences in these probabilities.

## Answer to relevant Questions

Managers at a local AT& T Wireless retail center have a goal that 75% of the center’s customers will have to wait less than 5 minutes for service. The Excel file named AT& T.xlsx shows the wait times of a random sample of ...According to the Beverage Marketing Corporation, the per capita consumption of bottled water in the United States is 2.3 gallons per month. Assume the standard deviation for this population is 0.75 gallons per month. ...Many homeowners rely on handymen to perform small jobs, such as repairs or maintenance, around their residence. According to HomeAdvisor Inc., the average cost for a handyman project is $ 460. Assume the population standard ...Negative equity is defined as a situation where the mortgage on a property is more than the market value of the property. During the recent financial crisis, market values of most homes declined resulting in an increase in ...For a population with a mean equal to 150 and a standard deviation equal to 30, calculate the standard error of the mean for a sample size of a. 10 b. 30 c. 50Post your question

0