A Food Marketing Institute found that 25% of households spend more than $125 a week on groceries. Assume the population proportion is 0.25 and a simple random sample of 316 households is selected from the population. What is the probability that the sample proportion of households spending more than $125 a week is less than 0.23? There is a probability that the sample proportion of households spending more than $125 a week is less than 0.23. Round the answer to 4 decimal places.

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**Sample Proportion Probability Calculation**

A Food Marketing Institute found that 25% of households spend more than $125 a week on groceries. Assume the population proportion is 0.25 and a simple random sample of 316 households is selected from the population. What is the probability that the sample proportion of households spending more than $125 a week is less than 0.23?

**Question:**
There is a _____ probability that the sample proportion of households spending more than $125 a week is less than 0.23. *Round the answer to 4 decimal places.*

**Question Help:**
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Transcribed Image Text:**Sample Proportion Probability Calculation** A Food Marketing Institute found that 25% of households spend more than $125 a week on groceries. Assume the population proportion is 0.25 and a simple random sample of 316 households is selected from the population. What is the probability that the sample proportion of households spending more than $125 a week is less than 0.23? **Question:** There is a _____ probability that the sample proportion of households spending more than $125 a week is less than 0.23. *Round the answer to 4 decimal places.* **Question Help:** -
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