Question: The investment website of Exercise 1 draws a random sample of 200 investors from their customers. Suppose that the true proportion of smart phone users

The investment website of Exercise 1 draws a random sample of 200 investors from their customers. Suppose that the true proportion of smart phone users is 36%.
a) What would the standard deviation of the sampling distribution of the proportion of smart phone users be?
b) What is the probability that the sample proportion of smart phone users is greater than 0.36?
c) What is the probability that the sample proportion is between 0.30 and 0.40?
d) What is the probability that the sample proportion is less than 0.28?
e) What is the probability that the sample proportion is greater than 0.42?

Step by Step Solution

3.35 Rating (155 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a SD p p 1P n 036 1 064 200 00339 b P p 036 P z 036 036 ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

452-M-S-S-D (888).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!