In a recent year, the Better Business Bureau settled 75% of complaints they received. (Source: USA Today, March 2, 2009) You have been hired by the Bureau to investigate complaints this year involving computer stores. You plan to select a random sample of complaints to estimate the proportion of complaints the Bureau is able to settle. Assume the population proportion of complaints settled for the computer stores is the 0.75, as mentioned above. Suppose your sample size is 72. What is the probability that the sample proportion will be 3 or more percent below the population proportion? Answer (Enter your answer as a number accurate to 4 decimal places.)

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 7E
icon
Related questions
Question
In a recent year, the Better Business Bureau settled 75% of complaints they received. (Source: USA Today,
March 2, 2009) You have been hired by the Bureau to investigate complaints this year involving computer
stores. You plan to select a random sample of complaints to estimate the proportion of complaints the
Bureau is able to settle. Assume the population proportion of complaints settled for the computer stores is
the 0.75, as mentioned above. Suppose your sample size is 72.
What is the probability that the sample proportion will be 3 or more percent below the population
proportion?
Answer
(Enter your answer as a number accurate to 4 decimal places.)
Transcribed Image Text:In a recent year, the Better Business Bureau settled 75% of complaints they received. (Source: USA Today, March 2, 2009) You have been hired by the Bureau to investigate complaints this year involving computer stores. You plan to select a random sample of complaints to estimate the proportion of complaints the Bureau is able to settle. Assume the population proportion of complaints settled for the computer stores is the 0.75, as mentioned above. Suppose your sample size is 72. What is the probability that the sample proportion will be 3 or more percent below the population proportion? Answer (Enter your answer as a number accurate to 4 decimal places.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Point Estimation, Limit Theorems, Approximations, and Bounds
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, probability and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning