A Food Marketing Institute found that 27% of households spend more than $125 a week on groceries. Assume the population proportion is 0.27 and a simple random sample of 259 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 0.3? There is a probability that the sample proportion of households spending more than $125 a week is less than 0.3. Round the answer to 4 decimal places.

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A Food Marketing Institute found that 27% of households spend more than $125 a week on groceries. Assume
the population proportion is 0.27 and a simple random sample of 259 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 0.3?
There is a
probability that the sample proportion of households spending more than $125 a
week is less than 0.3. Round the answer to 4 decimal places.
Transcribed Image Text:A Food Marketing Institute found that 27% of households spend more than $125 a week on groceries. Assume the population proportion is 0.27 and a simple random sample of 259 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 0.3? There is a probability that the sample proportion of households spending more than $125 a week is less than 0.3. Round the answer to 4 decimal places.
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