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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 268 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 0.27? There is a probability that the sample proportion of households spending more than $125 a week is less than 0.27. Round the answer to 4 decimal places.

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 268 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 0.27? There is a probability that the sample proportion of households spending more than $125 a week is less than 0.27. Round the answer to 4 decimal places.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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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 268 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 0.27? There is a probability that the sample proportion of households spending more than $125 a week is less than 0.27. Round the answer to 4 decimal places.
Transcribed Image Text: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 268 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 0.27? There is a probability that the sample proportion of households spending more than $125 a week is less than 0.27. Round the answer to 4 decimal places.
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