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Each of a sample of 176 residents selected from a small town is asked how much money he or she spent last week on state lottery tickets. 130 of the residents responded with $0. The mean expenditure for the remaining residents was $21. The largest expenditure was $210. Step 5 of 5: What proportion of the sample did not purchase any lottery tickets? Express your answer as a simplified fraction or as a value rounded to one decimal place.

Each of a sample of 176 residents selected from a small town is asked how much money he or she spent last week on state lottery tickets. 130 of the residents responded with $0. The mean expenditure for the remaining residents was $21. The largest expenditure was $210. Step 5 of 5: What proportion of the sample did not purchase any lottery tickets? Express your answer as a simplified fraction or as a value rounded to one decimal place.

Microeconomic Theory
Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter19: Externalities And Public Goods
Section: Chapter Questions
Problem 19.12P
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Each of a sample of 176 residents selected from a small town is asked how much money he or she spent last week on state lottery tickets. 130 of the residents responded with $0. The mean expenditure for the remaining residents was $21. The largest expenditure was $210. Step 5 of 5: What proportion of the sample did not purchase any lottery tickets? Express your answer as a simplified fraction or as a value rounded to one decimal place.
Transcribed Image Text:Each of a sample of 176 residents selected from a small town is asked how much money he or she spent last week on state lottery tickets. 130 of the residents responded with $0. The mean expenditure for the remaining residents was $21. The largest expenditure was $210. Step 5 of 5: What proportion of the sample did not purchase any lottery tickets? Express your answer as a simplified fraction or as a value rounded to one decimal place.
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