According to a Gallup poll conducted April 36, 2014, 21% of Americans aged 18 to 29 said

Question:

According to a Gallup poll conducted April 3–6, 2014, 21% of Americans aged 18 to 29 said that college loans and/or expenses were the top financial problem facing their families. Assume that this percentage is true for the current population of Americans aged 18 to 29. Let p̂ be the proportion in a random sample of 900 Americans aged 18 to 29 who hold the above opinion. Find the mean and standard deviation of the sampling distribution of p̂ and describe its shape.

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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