Find the probability of sample proportion

Assignment Help Engineering Mathematics
Reference no: EM131455810

Question: Roper ASW conducted a survey to learn about American adults' attitudes toward money and happiness (Money October 2003). Fifty-six percent of the respondents said they balance their checkbook at least once a month.

a. Suppose a sample of 400 American adults were taken. Show the sampling distribution of the proportion of adults who balance their checkbook at least once a month.

b. What is the probability that the sample proportion will be within ±.02 of the population proportion?

c. What is the probability that the sample proportion will be within ±.04 of the population proportion?

Reference no: EM131455810

Questions Cloud

Deposit is made on the day you depart : If your first deposit is made 1 year from today and the final deposit is made on the day you depart? Please Show calculations
What is the fund required rate of return : If the market required rate of return is 14% and the risk-free rate is 6%, what is the fund's required rate of return?
What is the advantage of a larger sample size : The population proportion is .30. What is the probability that a sample proportion will be within ±.04 of the population proportion for each of the following.
Reflective writing proforma : Use the sociological imagination (SI) template to reflect on your feelings, thoughts and behaviours in response to knowledge, experiences
Find the probability of sample proportion : Roper ASW conducted a survey to learn about American adults' attitudes toward money and happiness (Money October 2003).
Can you choose a information system security domain : Can you choose a particular information system security domain of your organization or industry and apply what you learned from case readings and SLP examples?
Pricing strategy and promotion : What type of option strategy can a car dealer use to develop their pricing strategy and promotion?
How did the article have meaning for you : Thinking of your current practice and/or how you might impact the future of culturally responsive nursing care, what is your responsibility here.
Increase in revenue next year from the new equipment : If the manufacturer currently makes 75 tons of clothespins per year, which sell at $18,000 per ton

Reviews

Write a Review

Engineering Mathematics Questions & Answers

  What does it mean to describe a basis as infeasible but

1a a company is manufacturing a product which requires at the final assembly stage three parts. these three parts can

  Which points in the digital line form open sets

Which points in the digital line form open sets? Which form closed sets? For the points which are not closed, find the smallest closed set containing that point

  Discrete-time model for an economy

Discrete-time model for an economy

  What is the total degrees of freedom

What is the total degrees of freedom? Explain how you obtain your answer. What is the among-group (between-group) mean squares? Explain how you obtain your answer.

  Compare and contrast internal and external validity

Compare and contrast internal and external validity. Describe and give examples of research questions for which external validity is a primary concern.

  Bivariate normal distribution - find a constant

bivariate normal distribution - Find a constant a such that P(3X1 -X2

  Compare summary statistics with their asymptotic counterpart

Generate 300 observations from the VMA(1) model. Fit the VMA(1) model by both the conditional and exact likelihood methods. Write down the fitted models.

  Find y correct to three significant figures

find y correct to three significant figures.-- Find r in V=(4/3)Πr2, where V=311, Π = 3.14 -- Find the ratio of y-x:2y.

  Determine the solution is unique or not

A firm produces three products P, Q and R using two raw materials A, B and labor L. The requirements per unit are.

  Find the solution of the exact differential equation

Find the solution of the exact differential equation and show that the integrating factor F(x) is given by the solution of the following differential equation

  Multiple regression analysis

In multiple regression analysis, explain why the typical hypothesis that analysts want to test is whether a particular regression coefficient (B) is equal to zero (H0: B = 0) versus whether that coefficient is not equal to zero (H1: B ≠ 0).

  Review the case michael a smyth v the pillsbury company

Michael Smyth worked for the Pillsbury Company. Pillsbury installed an electronic mail (e-mail) system in order to "promote internal communications.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd