The Grocery Manufacturers of America reported that 76% of consumers read the ingredients listed on a products

Question:

The Grocery Manufacturers of America reported that 76% of consumers read the ingredients listed on a product’s label. Assume the population proportion is p = .76 and a sample of 400 consumers is selected from the population.

a. Show the sampling distribution of the sample proportion ṕ where ṕ is the proportion of the sampled consumers who read the ingredients listed on a product’s label.

b. What is the probability that the sample proportion will be within ± .03 of the population proportion?

c. Answer part (b) for a sample of 750 consumers.


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...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Essentials Of Statistics For Business And Economics

ISBN: 9781305081598

7th Edition

Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam

Question Posted: