ABC News reports that 58% of U.S. drivers admit to speeding. Suppose that a new satellite technology

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ABC News reports that 58% of U.S. drivers admit to speeding. Suppose that a new satellite technology can instantly measure the speed of any vehicle on a U.S. road and determine whether the vehicle is speeding, and this satellite technology was used to take a random sample of 20,000 vehicles at 6 p.m. EST on a recent Tuesday afternoon. 

a. For this investigation, what is the sampling distribution for sample proportion of vehicles on U.S. roads that speed? 

b. What is the probability that the sample proportion of speeders p̅ will be within 1% of the population proportion of speeders? 

c. Suppose the sample proportion of speeders p̅ differs from the U.S population proportion of seeders by more than 1%? How would you interpret this result?

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...
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Related Book For  answer-question

Statistics For Business & Economics

ISBN: 9781337901062

14th Edition

Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran

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