According to recent research, 37% of Americans have less than $375 in the bank for an emergency. Let ˆpp^ be the proportion of people who have less than $375 in the bank for an emergency in a random sample of 74 Americans. Determine the probability that the proportion of people in a random sample of 74 Americans who have less than $375 in the bank for an emergency is within 3% of the population proportion. Round the solution to four decimal places. P(p^ within 3% of the population proportion)= Determine the probability that the proportion of people in a random sample of 74 Americans who have less than $375 in the bank for an emergency is less than the population proportion by 15% or more. Round the solution to four decimal places. P(p^ less than the population proportion by 15% or more)=
According to recent research, 37% of Americans have less than $375 in the bank for an emergency. Let ˆpp^ be the proportion of people who have less than $375 in the bank for an emergency in a random sample of 74 Americans.
Determine the
P(p^ within 3% of the population proportion)=
Determine the probability that the proportion of people in a random sample of 74 Americans who have less than $375 in the bank for an emergency is less than the population proportion by 15% or more. Round the solution to four decimal places.
P(p^ less than the population proportion by 15% or more)=
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