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 372 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 0.26? There is a _____ probability that the sample proportion of households spending more than $125 a week is less than 0.26. Round the answer to 4 decimal places.
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
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 372 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 0.26?
There is a _____ probability that the sample proportion of households spending more than $125 a week is less than 0.26. Round the answer to 4 decimal places.
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