Seventy two percent of American adults have read a book within the past year (pewresearch.org, December 3,

Question:

Seventy two percent of American adults have read a book within the past year (pewresearch.org, December 3, 2014). Assume this is the true population proportion and that you plan to take a sample survey of 540 American adults to further investigate their behavior.

a. Show the sampling distribution of p̅, the proportion of your sample respondents who have read a book in the past year.

b. What is the probability that your survey will provide a sample proportion within ± .03 of the population proportion?

c. What is the probability that your survey will provide a sample proportion within ± .015 of the population proportion?

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...