A Harris (Feb. 2013) poll found that one-third of Americans (33%) believe finding and picking up a
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A Harris (Feb. 2013) poll found that one-third of Americans (33%) believe finding and picking up a penny is good luck. Assume that the true proportion of all Americans who believe finding and picking up a penny is good luck is p = .33. In a random sample of 1,000 Americans, let represent the proportion who believe finding and picking up a penny is good luck.
a. Describe the properties of the sampling distribution of .
b. Find P( < .402. Interpret this result.
c. Find P( > .30). Interpret this result.
DistributionThe 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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a By the Central Limit Theorem the sampling distribution of will be approximat...View the full answer
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