Question: (b) What is the probability that the sample proportion will be within 10.02 of the population proportion? The population proportion for households that spend more

(b) What is the probability that the sample proportion will be within 10.02 of the population proportion? The population proportion for households that spend more than $100 per week on groceries was given to be 0.17. Let 5 represent the sample proportion for a group of 700 households. To be within 0.02 of the population proportion of 0.17 gives a range of hourly wages between 0.17 0.02 = 0.15 v and 0.17 + 0.02 = 0.19 q . Therefore, the desired probability that a sample proportion of 700 households is within 0.02 of the population proportion is P( -0.41 x s ,5 s 0.41 x ). Submit Skip (you cannot come back)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
