Let p be the proportion of elements in a sample that possess a characteristic. a. What is
Question:
Let p̂ be the proportion of elements in a sample that possess a characteristic.
a. What is the mean of p̂ ?
b. What is the formula to calculate the standard deviation of p̂ ?
Assume n∕N ≤ .05.
c. What condition(s) must hold true for the sampling distribution of p̂ to be approximately normal?
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