Question: Sampling distribution decrease? 2. (5 points) A survey of shoppers is planned to see what percentage use credit cards. Prior surveys suggest 53% of shoppers

Sampling distribution

decrease? 2. (5 points) A survey of shoppers is planned to see what percentage use credit cards. Prior surveys suggest 53% of shoppers use credit cards. How many randomly selected shoppers must we survey in order to estimate the proportion of shoppers who use credit cards to within 3% with 95% confidence? 3. (5 points) Based on past experience, a bank believes that 7% of the people who receive loans will not make payments on time. The bank has recently approved 200 loans. Describe the sampling distribution. What is the probability that over 11% of these clients will not make timely payments

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