An article in Forbes magazine claims that half of the adults in the United States do not have any savings. To substantiate that claim, the company, GoBanking, asked a random sample of 500 adults around the country how much money they have in savings and found that 265, or 53% of them, had no savings. To determine if these data provide convincing evidence that more than half of the adults in the United States do not have any savings, 200 simulated SRSS were selected. Each dot in the graph shows the number of adults that have no savings in a simulated SRS of 500 adults, assuming that each person has a 50% chance of not having any savings. The sample result showed that 265 out of 500 adults had no savings. The simulation shows the number of adults out of 500 that we can typically expect to have no savings if 50% is true. 220 225 230 235 240 245 250 255 260 265 270 275 280 Simulated sample count of adults that do not have any savings How many of the trials in the simulation show at least 265 adults that have no savings? What percent of the simulated trials show at least 265 adults that have no savings? 24 trials show at least 265 out of 500 adults that have no savings. 12% of the trials show at least 265 out of 500 adults that have no savings. 24 trials show at least 265 out of 500 adults that have no savings. 24% of the trials show at least 265 out of 500 adults that have no savings. 4 trials show at least 265 out of 500 adults that have no savings. 4% of the trials show at least 265 out of 500 adults that have no savings. 20 trials show at least 265 out of 500 adults that have no savings. 10% of the trials show at least 265 out of 500 adults that have no savings. 4 trials show at least 265 out of 500 adults that have no savings. 2% of the trials show at least 265 out of 500 adults that have no savings.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.4: Collecting Data
Problem 6E
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ⒸBFW Publishers
An article in Forbes magazine claims that half of the adults in the United States do not have any savings. To substantiate that
claim, the company, GoBanking, asked a random sample of 500 adults around the country how much money they have in
savings and found that 265, or 53% of them, had no savings.
To determine if these data provide convincing evidence that more than half of the adults in the United States do not have any
savings, 200 simulated SRSS were selected. Each dot in the graph shows the number of adults that have no savings in a
simulated SRS of 500 adults, assuming that each person has a 50% chance of not having any savings. The sample result showed
that 265 out of 500 adults had no savings. The simulation shows the number of adults out of 500 that we can typically expect to
have no savings if 50% is true.
220 225 230 235 240 245 250 255 260 265 270 275 280
Simulated sample count of adults that do not have any savings
How many of the trials in the simulation show at least
265 adults that have no savings? What percent of the
simulated trials show at least 265 adults that have no
savings?
O 24 trials show at least 265 out of 500 adults that
have no savings. 12% of the trials show at least 265
out of 500 adults that have no savings.
24 trials show at least 265 out of 500 adults that
have no savings. 24% of the trials show at least 265
out of 500 adults that have no savings.
4 trials show at least 265 out of 500 adults that have
no savings. 4% of the trials show at least 265 out of
500 adults that have no savings.
20 trials show at least 265 out of 500 adults that
have no savings. 10% of the trials show at least 265
out of 500 adults that have no savings.
O4 trials show at least 265 out of 500 adults that have
no savings. 2% of the trials show at least 265 out of
500 adults that have no savings.
Transcribed Image Text:ⒸBFW Publishers An article in Forbes magazine claims that half of the adults in the United States do not have any savings. To substantiate that claim, the company, GoBanking, asked a random sample of 500 adults around the country how much money they have in savings and found that 265, or 53% of them, had no savings. To determine if these data provide convincing evidence that more than half of the adults in the United States do not have any savings, 200 simulated SRSS were selected. Each dot in the graph shows the number of adults that have no savings in a simulated SRS of 500 adults, assuming that each person has a 50% chance of not having any savings. The sample result showed that 265 out of 500 adults had no savings. The simulation shows the number of adults out of 500 that we can typically expect to have no savings if 50% is true. 220 225 230 235 240 245 250 255 260 265 270 275 280 Simulated sample count of adults that do not have any savings How many of the trials in the simulation show at least 265 adults that have no savings? What percent of the simulated trials show at least 265 adults that have no savings? O 24 trials show at least 265 out of 500 adults that have no savings. 12% of the trials show at least 265 out of 500 adults that have no savings. 24 trials show at least 265 out of 500 adults that have no savings. 24% of the trials show at least 265 out of 500 adults that have no savings. 4 trials show at least 265 out of 500 adults that have no savings. 4% of the trials show at least 265 out of 500 adults that have no savings. 20 trials show at least 265 out of 500 adults that have no savings. 10% of the trials show at least 265 out of 500 adults that have no savings. O4 trials show at least 265 out of 500 adults that have no savings. 2% of the trials show at least 265 out of 500 adults that have no savings.
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