According to a survey in a country, 38% of adults do not own a credit card. Suppose a simple random sample of 300 adults is obtained. Complete parts (a) through (d) below. (c) What is the probability that in a random sample of 300 adults, between 35% and 40% do not own a credit card? The probability is. (Round to four decimal places as needed.) Interpret this probability. to result in between 35% and 40% not owning a credit card. If 100 different random samples of 300 adults were obtained, one would expect (Round to the nearest integer as needed.) (d) Would it be unusual for a random sample of 300 adults to result in 105 or fewer who do not own a credit card? Why? Select the correct choice below and fill in the answer box to complete your choice. (Round to four decimal places as needed.) O A. The result is unusual because the probability that p is less than or equal to the sample proportion is which is less than 5%. O B. The result is unusual because the probability that p is less than or equal to the sample proportion is which is greater than 5%.

According to a survey in a country, 38% of adults do not own a credit card. Suppose a simple random sample of 300 adults is obtained. Complete parts (a) through (d) below. (c) What is the probability that in a random sample of 300 adults, between 35% and 40% do not own a credit card? The probability is. (Round to four decimal places as needed.) Interpret this probability. to result in between 35% and 40% not owning a credit card. If 100 different random samples of 300 adults were obtained, one would expect (Round to the nearest integer as needed.) (d) Would it be unusual for a random sample of 300 adults to result in 105 or fewer who do not own a credit card? Why? Select the correct choice below and fill in the answer box to complete your choice. (Round to four decimal places as needed.) O A. The result is unusual because the probability that p is less than or equal to the sample proportion is which is less than 5%. O B. The result is unusual because the probability that p is less than or equal to the sample proportion is which is greater than 5%.

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter8: Sequences, Series,and Probability

Section8.7: Probability

Problem 4ECP: Show that the probability of drawing a club at random from a standard deck of 52 playing cards is...

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