The Food Marketing Institute shows that 17% of households spend more than $100 per week on groceries. Assume the population proportion is p = 0.17 and a sample of 600 households will be selected from the population. Use z-table.Calculate (), the standard error of the proportion of households spending more than $100 per week on groceries (to 4 decimals).What is the probability that the sample proportion will be within +/- 0.02 of the population proportion (to 4 decimals)?What is the probability that the sample proportion will be within +/- 0.02 of the population proportion for a sample of 1,500 households (to 4 decimals)?

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Answered: The Food Marketing Institute shows that…

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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The Food Marketing Institute shows that 17% of households spend more than $100 per week on groceries. Assume the population proportion is p = 0.17 and a sample of 600 households will be selected from the population. Use z-table.

Calculate (), the standard error of the proportion of households spending more than $100 per week on groceries (to 4 decimals).
What is the probability that the sample proportion will be within +/- 0.02 of the population proportion (to 4 decimals)?
What is the probability that the sample proportion will be within +/- 0.02 of the population proportion for a sample of 1,500 households (to 4 decimals)?

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