The CEO of TikTok thinks that 75% of users are under the age of 30. A simple random sample of 100 users will be used to estimate the proportion of those under the age of 30. What is the probability the sample proportion will be between 0.70 and 0.80? 1.15 0.296 0.7498 0.8749 100%

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.7: Probability
Problem 1SE: What term is used to express the likelihood of an event occurring? Are there restrictions on its...
icon
Related questions
Question

The CEO of TikTok thinks that 75% of users are under the age of 30. A simple random sample of 100 users will be used to estimate the proportion of those under the age of 30. What is the probability the sample proportion will be between 0.70 and 0.80?

1.15

0.296

0.7498

0.8749

100%

Expert 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, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning