Suppose that one in six smartphone users have fallen prey to cyber-attack. We use a sample of 210 smartphone users. a-1. What is the expected value and the standard error of the sample proportion? Note: Round final answers to 4 decimal places. Expected value Standard error a-2. Is it appropriate to use the normal distribution approximation for the sample proportion? Yes, because np ≥ 5 and n(1 - p) ≥ 5 Yes, because n ≥ 30 No, because np ≥ 5 and n(1 - p) ≥ 5 ○ No, because n < 30 b. What is the probability that more than 20% of smartphone users in the sample have fallen prey to cyber-attack? Note: Round final answers to 4 decimal places. Probability

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Suppose that one in six smartphone users have fallen prey to cyber-attack. We use a sample of 210 smartphone users.
a-1. What is the expected value and the standard error of the sample proportion?
Note: Round final answers to 4 decimal places.
Expected value
Standard error
a-2. Is it appropriate to use the normal distribution approximation for the sample proportion?
Yes, because np ≥ 5 and n(1 - p) ≥ 5
Yes, because n ≥ 30
No, because np ≥ 5 and n(1 - p) ≥ 5
○ No, because n < 30
b. What is the probability that more than 20% of smartphone users in the sample have fallen prey to cyber-attack?
Note: Round final answers to 4 decimal places.
Probability
Transcribed Image Text:Suppose that one in six smartphone users have fallen prey to cyber-attack. We use a sample of 210 smartphone users. a-1. What is the expected value and the standard error of the sample proportion? Note: Round final answers to 4 decimal places. Expected value Standard error a-2. Is it appropriate to use the normal distribution approximation for the sample proportion? Yes, because np ≥ 5 and n(1 - p) ≥ 5 Yes, because n ≥ 30 No, because np ≥ 5 and n(1 - p) ≥ 5 ○ No, because n < 30 b. What is the probability that more than 20% of smartphone users in the sample have fallen prey to cyber-attack? Note: Round final answers to 4 decimal places. Probability
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