If the true proportion of customers who are below 20 years is P=0.35, what is the probability that a sample size of 100 yields a sample proportion between 0.3 to 0.4 0.961 0.827 0.706 0.53
Question
If the true proportion of customers who are below 20 years is P=0.35, what is the probability that a sample size of 100 yields a sample proportion between 0.3 to 0.4 0.961 0.827 0.706 0.53
Solution
The question seems to be asking for the probability that a sample proportion falls between 0.3 and 0.4 given a true population proportion of 0.35. This is a question of sampling distributions and can be solved using the Central Limit Theorem (CLT) which states that the sampling distribution of the sample mean approaches a normal distribution as the sample size gets larger, regardless of the shape of the population distribution.
Here are the steps to solve this problem:
-
First, we need to find the standard deviation of the sampling distribution. The standard deviation (σp̂) of the sampling distribution of the proportion is calculated as:
σp̂ = sqrt [ P(1 - P) / n ]
where P is the population proportion (0.35 in this case), and n is the sample size (100 in this case).
-
Next, we need to standardize the sample proportions (0.3 and 0.4) using the following formula:
Z = (p̂ - P) / σp̂
where p̂ is the sample proportion, P is the population proportion, and σp̂ is the standard deviation of the sampling distribution.
-
Once we have the Z-scores for the sample proportions, we can find the corresponding probabilities from the standard normal distribution table or using a calculator with a normal distribution function.
-
The probability that the sample proportion is between 0.3 and 0.4 is the probability corresponding to the Z-score for 0.4 minus the probability corresponding to the Z-score for 0.3.
Without the actual calculations, I can't tell you which of the provided options (0.961, 0.827, 0.706, 0.53) is correct. But these are the steps you would follow to solve this problem.
Similar Questions
An on-line retailing firm conducts a study into the number of on-line purchases of footwear made during all of last year. The study wants to determine the proportion of Australians over the age of 25 who purchase footwear on-line. The managing director of the on-line retailing firm believes this proportion of Australians is 22%. A random sample of 179 Australians over the age of 25 is selected. If the managing director’s claim is true, what is the sample proportion value below which 10% of all sample proportions would exist? Express your answer correct to two decimal places.
A researcher would like to estimate p, the proportion of U.S. adults who support raising the federal minimum wage.If the researcher would like to be 95% sure that the obtained sample proportion would be within 2.4% of p (the proportion in the entire population of U.S. adults), what sample size should be used? 6,945 1,737 435 42
A researcher would like to estimate p, the proportion of U.S. adults who support raising the federal minimum wage.Due to a limited budget, the researcher obtained opinions from a random sample of only 1,432 U.S. adults. With this sample size, the researcher can be 95% confident that the obtained sample proportion will differ from the true proportion (p) by no more than which of the following percentages (answers are rounded)? 0.07% 2.6% 3.0% 5.2%
With respect to population proportions, if p = 0.867, what would the value of p’ be?
Below, n is the sample size, p is the population proportion of successes, and X is the number of successes in the sample. Use the normal approximation and the TI-84 Plus calculator to find the probability. Round the answer to at least four decimal places.=n=78, p0.43P<X40 =
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.