Claim: p 0.15; = 0.05. Sample statistics: p = 0.12, n = 500 Determine whether

Question:

Claim: p ≠ 0.15; α = 0.05. Sample statistics: p̂ = 0.12, n = 500

Determine whether a normal sampling distribution can be used. If it can be used, test the claim about the population proportion p at the level of significance α.

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...