According to a survey in a country, 24% of adults do not own a credit card. Suppose a simple random sample of 500 adults is obtained. Complete parts (a) through (c pelow. Click here to view the standard normal distribution table (page 1). Click here to view the standard normal distribution table (page 2). (b) What is the probability that in a random sample of 500 adults, more than 27% do not own a credit card? The probability is 0.0571. (Round to four decimal places as needed.) Interpret this probability. If 100 different random samples of 500 adults were obtained, one would expect 6 to result in more than 27% not owning a credit card. (Round to the nearest integer as needed.) (c) What is the probability that in a random sample of 500 adults, between 22% and 27% do not own a credit card? The probability is U (Round to four decimal places as needed.)

Question
According to a survey in a country, 24% of adults do not own a credit card. Suppose a simple random sample of 500 adults is obtained. Complete parts (a) through (c
pelow.
Click here to view the standard normal distribution table (page 1).
Click here to view the standard normal distribution table (page 2).
(b) What is the probability that in a random sample of 500 adults, more than 27% do not own a credit card?
The probability is 0.0571.
(Round to four decimal places as needed.)
Interpret this probability.
If 100 different random samples of 500 adults were obtained, one would expect 6 to result in more than 27% not owning a credit card.
(Round to the nearest integer as needed.)
(c) What is the probability that in a random sample of 500 adults, between 22% and 27% do not own a credit card?
The probability is U
(Round to four decimal places as needed.)
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Transcribed Image Text

According to a survey in a country, 24% of adults do not own a credit card. Suppose a simple random sample of 500 adults is obtained. Complete parts (a) through (c pelow. Click here to view the standard normal distribution table (page 1). Click here to view the standard normal distribution table (page 2). (b) What is the probability that in a random sample of 500 adults, more than 27% do not own a credit card? The probability is 0.0571. (Round to four decimal places as needed.) Interpret this probability. If 100 different random samples of 500 adults were obtained, one would expect 6 to result in more than 27% not owning a credit card. (Round to the nearest integer as needed.) (c) What is the probability that in a random sample of 500 adults, between 22% and 27% do not own a credit card? The probability is U (Round to four decimal places as needed.)

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