According to the U.S. Department of Health and Human Services, only 49.2% of homes in the United

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According to the U.S. Department of Health and Human Services, only 49.2% of homes in the United States used landline telephone service in 2017. 

a. Suppose a sample of 207,000 U.S. homes will be taken to learn about home telephone usage. Show the sampling distribution of p̅ where p̅ is the sample proportion of homes that use landline phone service. 

b. What is the probability that the sample proportion in part (a) will be within ± .002 of the population proportion? 

c. Suppose a sample of 86,800 entrepreneurs will be taken to learn about home telephone usage. Show the sampling distribution of p̅ where p̅ is the sample proportion of homes that use landline phone service.

d. What is the probability that the sample proportion in part (c) will be within ± .002 of the population proportion? 

e. Are the probabilities different in parts (b) and (d)? Why or why not?

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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