A southern state has an unemployment rate of 6%. The state conducts monthly surveys in order...

 

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A southern state has an unemployment rate of 6%. The state conducts monthly surveys in order to track the unemployment rate. In a recent month, a random sample of 700 people showed that 35 were unemployed. 1) If the true unemployment rate is 6%, describe the sampling distribution of Pp^. 2) Assume the population proportion, Pp, is unknown. Describe the sampling distribution of p^ based on the most recent sample. A southern state has an unemployment rate of 6%. The state conducts monthly surveys in order to track the unemployment rate. In a recent month, a random sample of 700 people showed that 35 were unemployed. 1) If the true unemployment rate is 6%, describe the sampling distribution of Pp^. 2) Assume the population proportion, Pp, is unknown. Describe the sampling distribution of p^ based on the most recent sample.

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