Determine the sample proportion, p, of households that own a Company A product. b. If the population proportion is 0.75, determine the standard error of the proportion.
Determine the sample proportion, p, of households that own a Company A product. b. If the population proportion is 0.75, determine the standard error of the proportion.
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 random sample of 56 households was selected for a phone survey. The key question asked was, "Do you or any member of your household own a product from Company A?" Of the 56 respondents, 14 said yes and 42 said no.
a. Determine the sample proportion, p, of households that own a Company A product.
b. If the population proportion is 0.75, determine the standard error of the proportion.
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