According to a survey in a country, 24% of adults do not own a credit card. Suppose a simple random sample of 500 adults is obtained. Complete parts (a) through (d) below. Click here to view the standard normal distribution table (page 1). Click here to view the standard normal distribution table (page 2). C Wnat Is uie provaby uratma Tanuom sampie or D00 aduis, Deiween z276 anuZ776 UU TIOL UWIT treun caruY The probability is 0.7944 (Round to four decimal places as needed.) Interpret this probability. If 100 different random samples of 500 adults were obtained, one would expect 80 to result in between 22% and 27% not owning a credit card. (Round to the nearest integer as needed.) (d) Would it be unusual for a random sample of 500 adults to result in 110 or fewer who do not own a credit card? Why? Select the correct choice below and fill in the answer box to complete your choice. (Round to four decimal places as needed.) which is less than 5%. O A. The result is not unusual because the probability that p is less than or equal to the sample proportion is which is greater than 5%. O B. The result is not unusual because the probability that p is less than or equal to the sample proportion is which is less than 5%. O C. The result is unusual because the probability that p is less than or equal to the sample proportion is which is greater than 5%. O D. The result is unusual because the probability that p is less than or equal to the sample proportion is
According to a survey in a country, 24% of adults do not own a credit card. Suppose a simple random sample of 500 adults is obtained. Complete parts (a) through (d) below. Click here to view the standard normal distribution table (page 1). Click here to view the standard normal distribution table (page 2). C Wnat Is uie provaby uratma Tanuom sampie or D00 aduis, Deiween z276 anuZ776 UU TIOL UWIT treun caruY The probability is 0.7944 (Round to four decimal places as needed.) Interpret this probability. If 100 different random samples of 500 adults were obtained, one would expect 80 to result in between 22% and 27% not owning a credit card. (Round to the nearest integer as needed.) (d) Would it be unusual for a random sample of 500 adults to result in 110 or fewer who do not own a credit card? Why? Select the correct choice below and fill in the answer box to complete your choice. (Round to four decimal places as needed.) which is less than 5%. O A. The result is not unusual because the probability that p is less than or equal to the sample proportion is which is greater than 5%. O B. The result is not unusual because the probability that p is less than or equal to the sample proportion is which is less than 5%. O C. The result is unusual because the probability that p is less than or equal to the sample proportion is which is greater than 5%. O D. The result is unusual because the probability that p is less than or equal to the sample proportion is
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...
Related questions
Question
100%
Transcribed Image Text:8.2.18
Question Help
According to a survey in a country, 24% of adults do not own a credit card. Suppose a simple random sample of 500 adults is obtained. Complete parts (a) through (d) below.
Click here to view the standard normal distribution table (page 1).
Click here to view the standard normal distribution table (page 2).
O whaTIS UTe probabimty tiaT InaTandom sampie O1 500 aduMs, DElween ZZ70 and Z1 7o 00 TIOOWIT a CreuII caru?
The probability is 0.7944.
(Round to four decimal places as needed.)
Interpret this probability.
If 100 different random samples of 500 adults were obtained, one would expect 80 to result in between 22% and 27% not owning a credit card.
(Round to the nearest integer as needed.)
(d) Would it be unusual for a random sample of 500 adults to result in 110 or fewer who do not own a credit card? Why? Select the correct choice below and fill in the answer box to complete your choice.
(Round to four decimal places as needed.)
which is less than 5%.
O A. The result is not unusual because the probability that p is less than or equal to the sample proportion is
which is greater than 5%.
O B. The result is not unusual because the probability that p is less than or equal to the sample proportion is
which is less than 5%.
OC. The result is unusual because the probability that p is less than or equal to the sample proportion is
which is greater than 5%.
The result is unusual because the probability that p is less than or equal to the sample proportion is
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 17 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, probability and related others by exploring similar questions and additional content below.Recommended textbooks for you
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON