The Wall Street Journal reported that the age at first startup for 95% of entrepreneurs was 29 years of age or less and the age at first startup for 5% of entrepreneurs was 30 years of age or more. (a)Suppose a sample of 200 entrepreneurs will be taken to learn about the most important qualities of entrepreneurs. Show the sampling distribution of p where p is the sample proportion of entrepreneurs whose first startup was at 29 years of age or less. If required, round your answers to four decimal places. np = 190 n(1-p) = 10 E(p) = σ(p) = (b)Suppose a sample of 200 entrepreneurs will be taken to learn about the most important qualities of entrepreneurs. Show the sampling distribution of p where p is now the sample proportion of entrepreneurs whose first startup was at 30 years of age or more. If required, round your answers to four decimal places. np = n(1-p) = E(p) = σ(p) = (c)Are the standard errors of the sampling distributions different in parts (a) and (b)? Justify your answer.

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Answered: The Wall Street Journal reported 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 Wall Street Journal reported that the age at first startup for 95% of entrepreneurs was 29 years of age or less and the age at first startup for 5% of entrepreneurs was 30 years of age or more.

(a)	Suppose a sample of 200 entrepreneurs will be taken to learn about the most important qualities of entrepreneurs. Show the sampling distribution of p where p is the sample proportion of entrepreneurs whose first startup was at 29 years of age or less. If required, round your answers to four decimal places.
	np = 190
	n(1-p) = 10
	E(p) =
	σ(p) =
(b)	Suppose a sample of 200 entrepreneurs will be taken to learn about the most important qualities of entrepreneurs. Show the sampling distribution of p where p is now the sample proportion of entrepreneurs whose first startup was at 30 years of age or more. If required, round your answers to four decimal places.
	np =
	n(1-p) =
	E(p) =
	σ(p) =
(c)	Are the standard errors of the sampling distributions different in parts (a) and (b)?

	Justify your answer.

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