Introduction to Statistics and Data Analysis
Introduction to Statistics and Data Analysis
5th Edition
ISBN: 9781305115347
Author: Roxy Peck; Chris Olsen; Jay L. Devore
Publisher: Brooks Cole
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Chapter 8, Problem 36CR

Suppose that 40% of all U.S. employees contribute to a retirement plan (p = 0.40).

  1. a. In a random sample of 100 employees, what is the approximate probability that at least half of those in the sample contribute to a retirement plan?
  2. b. Suppose you were told that at least 60 of the 100 employees in a sample from your state contribute to a retirement plan. Would you think p = 0.40 for your state? Explain.
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