Mathematics, 11.06.2021 04:40, tieragroff
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 900 households will be selected from the population. Use z-table.
a. Calculate σ(p), the standard error of the proportion of households spending more than $100 per week on groceries (to 4 decimals).
b. What is the probability that the sample proportion will be within +/- 0.02 of the population proportion (to 4 decimals)?
c. What is the probability that the sample proportion will be within +/- 0.02 of the population proportion for a sample of 1,400 households (to 4 decimals)?
Answers: 3
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The Food Marketing Institute shows that 17% of households spend more than $100 per week on groceries...
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