An article indicates that 80% of millennials (age 18 to 29) have read a book in the last year. Suppose that this is the actual percentage for the population of all millennials. Consider a sample proportion ˆp based on a random sample of 225 millennials. (a) Compute the expected value and variance of ˆp. (b) Use the appropriate theorem and your answer from (a) to conclude what distribution ˆp approximately follows.

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An article indicates that 80% of millennials (age 18 to 29) have read a book in the last year. Suppose that this is the actual percentage for the population of all millennials. Consider a sample proportion ˆp based on a
random sample of 225 millennials.
(a) Compute the expected value and variance of ˆp.
(b) Use the appropriate theorem and your answer from (a) to conclude what distribution ˆp approximately follows.

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