The article Most Customers OK with New Bulbs (USA Today, Feb. 18, 2011) describes a survey of

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The article “Most Customers OK with New Bulbs” (USA Today, Feb. 18, 2011) describes a survey of 1,016 randomly selected adult Americans. Each person in the sample was asked if they have replaced standard light bulbs in their home with the more energy efficient compact fluorescent (CFL) bulbs. Suppose you want to use the survey data to determine if there is evidence that more than 70% of adult Americans have replaced standard bulbs with CFL bulbs. Let p denote the proportion of all adult Americans who have replaced standard bulbs with CFL bulbs.
a. Describe the shape, center, and spread of the sampling distribution of  for random samples of size 1,016 if the null hypothesis H0: p = 0.70 is true.
b. Would you be surprised to observe a sample proportion of  = 0.72 for a sample of size 1,016 if the null hypothesis H0: p = 0.70 were true? Explain why or why not.
c. Would you be surprised to observe a sample proportion as large as  = 0.75 for a sample of size 1,016 if the null hypothesis H0: p = 0.70 were true? Explain why or why not.
d. The actual sample proportion observed in the study was  = 0.71. Based on this sample proportion, is there convincing evidence that more than 70% have replaced standard bulbs with CFL bulbs, or is this sample proportion consistent with what you would expect to see when the null hypothesis is true? Support your answer with a probability calculation. 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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