A Food Marketing Institute found that 25% of households spend more than $125 a week on groceries. Assume the population proportion is 0.25 and a simple random sample of 225 households is selected from the population. What is the probability that the sample proportion of households spending more than $125 a week is less than 0.28? Answer = (Enter your answer as a number accurate to 4 decimal places.) Submit Question

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section: Chapter Questions
Problem 18T: You attend a karaoke night and hope to hear your favorite song. The karaoke song book has 300...
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A Food Marketing Institute found that 25% of households spend more than $125 a week on groceries. Assume
the population proportion is 0.25 and a simple random sample of 225 households is selected from the
population. What is the probability that the sample proportion of households spending more than $125 a
week is less than 0.28?
Answer =
(Enter your answer as a number accurate to 4 decimal places.)
Submit Question
Transcribed Image Text:A Food Marketing Institute found that 25% of households spend more than $125 a week on groceries. Assume the population proportion is 0.25 and a simple random sample of 225 households is selected from the population. What is the probability that the sample proportion of households spending more than $125 a week is less than 0.28? Answer = (Enter your answer as a number accurate to 4 decimal places.) Submit Question
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