In a recent year, the Better Business Bureau settled 73% of complaints they received. You have been hired by the Bureau to investigate complaints this year involving computer stores. You plan to select a random sample of complaints to estimate the proportion of complaints the Bureau is able to settle. Assume the population proportion of complaints settled for the computer stores is 0.73, as mentioned above. Suppose your sample size is 113. DO NOT USE THE EXCEL FORMULA. CALCULATE BY HAND OR WITH A CALCULATOR. 1. What is the probability that the sample proportion will be within 4 percent of the population proportion?
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
In a recent year, the Better Business Bureau settled 73% of complaints they received. You have been hired by the Bureau to investigate complaints this year involving computer stores. You plan to select a random sample of complaints to estimate the proportion of complaints the Bureau is able to settle. Assume the population proportion of complaints settled for the computer stores is 0.73, as mentioned above. Suppose your
1. What is the
1.
The probability that the sample proportion will be within 4 percent of the population proportion is,
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