A recent survey showed that 17% of households spend more than $100 per week on groceries. Assume the population proportion is p = 0.17 and a simple random sample of 1600 households will be selected from the population. What is the probability that the sample proportion will be within ± 0.01 of the population proportion?
A recent survey showed that 17% of households spend more than $100 per week on groceries. Assume the population proportion is p = 0.17 and a simple random sample of 1600 households will be selected from the population. What is the probability that the sample proportion will be within ± 0.01 of the population proportion?
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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A recent survey showed that 17% of households spend more than $100 per week on groceries. Assume the population proportion is p = 0.17 and a simple random sample of 1600 households will be selected from the population. What is the probability that the sample proportion will be within ± 0.01 of the population proportion?
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