When members of a philanthropic organization send out a fundraising​ letter, they get a return from about 7​% of the people on their mailing list. They simulated 1000 mailings for samples of size n with success rate p=0.07. The sample statistics from each simulation are shown in the table. Complete parts​a) through​ c). n mean standard dev. 20 0.0692 0.0565 50 0.0692 0.0368 100 0.0703 0.0251 200 0.0705 0.0181 ​a) According to the central limit​ theorem, what should the theoretical mean and standard deviation be for each of the sample​ sizes?   Complete the following table.   n theoretical mean theoretical standard dev.   20 nothing nothing   50 nothing nothing   100 nothing nothing   200 nothing nothing   ​(Round to four decimal places as​ needed.) ​b) How close are the theoretical values to those that were​ observed?     Not close   Very close ​c) At what sample size are you comfortable using the normal approximation based on the​ success/failure condition?     A. 200   B. 20   C. 100   D. 50

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When members of a philanthropic organization send out a fundraising​ letter, they get a return from about
7​%
of the people on their mailing list. They simulated 1000 mailings for samples of size n with success rate
p=0.07.
The sample statistics from each simulation are shown in the table. Complete parts​a) through​ c).
n
mean
standard dev.
20
0.0692
0.0565
50
0.0692
0.0368
100
0.0703
0.0251
200
0.0705
0.0181
​a) According to the central limit​ theorem, what should the theoretical mean and standard deviation be for each of the sample​ sizes?
 
Complete the following table.
 
n
theoretical mean
theoretical standard dev.
 
20
nothing
nothing
 
50
nothing
nothing
 
100
nothing
nothing
 
200
nothing
nothing
 
​(Round to four decimal places as​ needed.)
​b) How close are the theoretical values to those that were​ observed?
 
 
Not close
 
Very close
​c) At what sample size are you comfortable using the normal approximation based on the​ success/failure condition?
 
 
A.
200
 
B.
20
 
C.
100
 
D.
50
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