Problem#5 17. Credit Cards According to a USA Today "Snapshot," 26% NW of adults do not have any credit cards. A simple random sample of 500 adults is obtained. (a) Describe the sampling distribution of p, the sample pro- portion of adults who do not have a credit card. (b) In a random sample of 500 adults, what is the probability that less than 24% have no credit cards? (c) Would it be unusual if a random sample of 500 adults results in 150 having no credit cards? Answers: (a) 0.26, 0.020 (b) 15.40% (c) 2.074
Problem#5 17. Credit Cards According to a USA Today "Snapshot," 26% NW of adults do not have any credit cards. A simple random sample of 500 adults is obtained. (a) Describe the sampling distribution of p, the sample pro- portion of adults who do not have a credit card. (b) In a random sample of 500 adults, what is the probability that less than 24% have no credit cards? (c) Would it be unusual if a random sample of 500 adults results in 150 having no credit cards? Answers: (a) 0.26, 0.020 (b) 15.40% (c) 2.074
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
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