The Wall Street Journal reported that 37% of all entrepreneurs who opened new U.S. businesses in the
Question:
a. Suppose a random sample of 300 entrepreneurs who opened new U.S. businesses in the previous year will be taken to learn about which industries are most appealing to entrepreneurs. Show the sampling distribution of p, where p is the sample proportion of entrepreneurs who opened new U.S. businesses in the previous year that are female.
b. What is the probability that the sample proportion in part (a) will be within 6.05 of its population proportion?
c. Suppose a random sample of 30,000 entrepreneurs who opened new U.S. businesses in the previous year will be taken to learn about which industries are most appealing to entrepreneurs. Show the sampling distribution of p where p is the sample proportion of entrepreneurs who opened new U.S. businesses last year that are female.
d. What is the probability that the sample proportion in part (c) will be within 6.05 of its population proportion?
e. Is the probability different in parts (b) and (d)? Why?
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
Modern Business Statistics With Microsoft Excel
ISBN: 9781337115186
6th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
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