A department store has determined that 36% of all their sales are credit sales. A random sample of 65 sales is selected.  (a) Explain the distribution of the sample proportion of the credit card sales.  (b) What is the probability that the sample proportion will be greater than 0.40?  (c) What is the probability that the sample proportion will be between 0.30 and 0.40?

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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A department store has determined that 36% of all their sales are credit sales. A random sample of 65 sales is selected. 

(a) Explain the distribution of the sample proportion of the credit card sales. 

(b) What is the probability that the sample proportion will be greater than 0.40? 

(c) What is the probability that the sample proportion will be between 0.30 and 0.40? 

(d) What is the probability that the sample proportion will be less than 0.30? 

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