According to creditcard.com, 29% of adults do not own a credit card. (a) Suppose a random sample

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According to creditcard.com, 29% of adults do not own a credit card.

(a) Suppose a random sample of 500 adults is asked, “Do you own a credit card?” Describe the sampling distribution of , the proportion of adults who own a credit card.

(b) What is the probability that in a random sample of 500 adults more than 30% do not own a credit card?

(d) Would it be unusual for a random sample of 500 adults to result in 125 or fewer who do not own a credit card? Why?

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Fundamentals Of Statistics

ISBN: 9780321844606

4th Edition

Authors: Michael Sullivan III

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Question Posted: Apr 27, 2015 02:00 PM

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According to creditcard.com, 29% of adults do not own a credit card. (a) Suppose a random sample

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a Our sample size n 500 is less than 5 of the population size and ...View the full answer

Fundamentals Of Statistics

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