Question: The following data represent the responses (Y for yes and N for no) from a sample of 40 college students to the question Do

The following data represent the responses (Y for yes and N for no) from a sample of 40 college students to the question “ Do you currently own shares in any stocks?”

NYNN N N Y N NY Y NN NY N N Y

a. Determine the sample proportion, p, of college students who own shares of stock.

b. If the population proportion is 0.30, determine the standard error of the proportion.

NYNN N N Y N NY Y NN NY N N Y N N

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