Suppose Gallup wishes to complete a follow-up survey to find out more about the specific type of stocks people in the United States are purchasing. a. How many 18 to 29 year olds must be sampled to find at least 50 who invest in the stock market? b. How many people 65 years of age and older must be sampled to find at least 50 who invest in the stock market? c. If 1000 individuals are randomly sampled, what is the expected number of 18 to 29 year olds who invest in the stock market in this sample? What is the standard devi- ation of the number of 18 to 29 year olds who invest in the stock market?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
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ISBN:9780547587776
Author:HOLT MCDOUGAL
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Chapter7: Percents
Section7.4: The Percent Equation
Problem 28E
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65. Investing in the Stock Market. According to a 2017 Gallup survey, the percent-
age of individuals in the United States who are invested in the stock market by age
is as shown in the following table (Gallup website).
Percent of Individuals
Age Range
Invested in Stock Market
18 to 29
31
30 to 49
62
50 to 64
62
65+
54
Suppose Gallup wishes to complete a follow-up survey to find out more about the
specific type of stocks people in the United States are purchasing.
a. How many 18 to 29 year olds must be sampled to find at least 50 who invest in the
stock market?
b. How many people 65 years of age and older must be sampled to find at least 50
who invest in the stock market?
c. If 1000 individuals are randomly sampled, what is the expected number of 18 to 29
year olds who invest in the stock market in this sample? What is the standard devi-
ation of the number of 18 to 29 year olds who invest in the stock market?
d. If 1000 individuals are randomly sampled, what is the expected number of those
65 and older who invest in the stock market in this sample? What is the stand-
ard deviation of the number of those 65 years of age and older who invest in the
stock market?
Transcribed Image Text:65. Investing in the Stock Market. According to a 2017 Gallup survey, the percent- age of individuals in the United States who are invested in the stock market by age is as shown in the following table (Gallup website). Percent of Individuals Age Range Invested in Stock Market 18 to 29 31 30 to 49 62 50 to 64 62 65+ 54 Suppose Gallup wishes to complete a follow-up survey to find out more about the specific type of stocks people in the United States are purchasing. a. How many 18 to 29 year olds must be sampled to find at least 50 who invest in the stock market? b. How many people 65 years of age and older must be sampled to find at least 50 who invest in the stock market? c. If 1000 individuals are randomly sampled, what is the expected number of 18 to 29 year olds who invest in the stock market in this sample? What is the standard devi- ation of the number of 18 to 29 year olds who invest in the stock market? d. If 1000 individuals are randomly sampled, what is the expected number of those 65 and older who invest in the stock market in this sample? What is the stand- ard deviation of the number of those 65 years of age and older who invest in the stock market?
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