A Food Marketing Institute found that 32% of households spend more than $125 a week on groceries. Assume the population proportion is 0.32 and a simple random sample of 374 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 0.31?
A Food Marketing Institute found that 32% of households spend more than $125 a week on groceries. Assume the population proportion is 0.32 and a simple random sample of 374 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 0.31?
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 32% of households spend more than $125 a week on groceries. Assume the population proportion is 0.32 and a simple random sample of 374 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 0.31?
Note: You should carefully round any z-values you calculate to 4 decimal places to match wamap's approach and calculations.
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