Determine the sampling error for the proportion of customers who own less than 171 if the population andsample data are listed below.Population N = 15068818212531344042434646495157576064666869758081818587929396989899110116119124128129131132133134150150151152161165166171174176179180181182198198199202205209210212213215216234235242246253261265269270271274274275276286287290297300301301306308310312313320321326327331332333337340341343344347347350350357365366371373376380381385385386388390391392398400400409412414415425427427430434436439440446451458469471476487493500Sample n = 254046495181150161165176179202209274274286341347350357366380381386388451a) What is the population proportion?(Round to 4 decimal places)b) What is the sample proportion?(Round to 4 decimal places)c) What is the sampling error?(Round to 4 decimal places)

Answered: a) What is the population proportion?…

a) What is the population proportion? (Round to 4 decimal places) b) What is the sample proportion? (Round to 4 decimal places) c) What is the sampling eror? (Round to 4 decimal places)

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Question

Determine the sampling error for the proportion of customers who own less than 171 if the population and
sample data are listed below.
Population N = 150
6
8
8
18
21
25
31
34
40
42
43
46
46
49
51
57
57
60
64
66
68
69
75
80
81
81
85
87
92
93
96
98
98
99
110
116
119
124
128
129
131
132
133
134
150
150
151
152
161
165
166
171
174
176
179
180
181
182
198
198
199
202
205
209
210
212
213
215
216
234
235
242
246
253
261
265
269
270
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274
274
275
276
286
287
290
297
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301
301
306
308
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312
313
320
321
326
327
331
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333
337
340
341
343
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347
347
350
350
357
365
366
371
373
376
380
381
385
385
386
388
390
391
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400
409
412
414
415
425
427
427
430
434
436
439
440
446
451
458
469
471
476
487
493
500
Sample n = 25
40
46
49
51
81
150
161
165
176
179
202
209
274
274
286
341
347
350
357
366
380
381
386
388
451
a) What is the population proportion?
(Round to 4 decimal places)
b) What is the sample proportion?
(Round to 4 decimal places)
c) What is the sampling error?
(Round to 4 decimal places)

Expert Solution

Step 1

Let , X : number of customers who own less than 171

Given : N=150 , n=25

Our aim is to find the

a) Population proportion

b) Sample proportion

c) Sampling error

Step by step

Solved in 4 steps

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