Question: Adding on to the picture shown, I need to be able to answer What is the probability that in a random sample of 400 adults,

Adding on to the picture shown, I need to be able to answer "What is the probability that in a random sample of 400 adults, between 23% and 28% do not own a credit card (rounded to 4 decimal places)?" As well as "Would it be unusual for a random sample of 400 adults to result in fewer who do not own a credit card? Why?" Please help? thank you

Adding on to the picture shown, I need to be able to

According to a survey in a country, 24% of adults do not own a credit card. Suppose a simple random sample of 400 adults is obtained Complete parts (a) through (d) below Click here to view the standard normal distribution table (page 1). Click here to view the standard normal distribution table (page 2). (a) wescribe the sampling distribution of p, the sample proportion of adults who do not own a credit card. Choose the phrase that best describes the shape of the sampling distribution Of p below O A. Not normal because n s 0 05N and np(1 - p)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!