What is the approximate probability that p̂ will be greater than 0.5, causing the polling organization to incorrectly predict the result of the upcoming electio
What is the approximate probability that p̂ will be greater than 0.5, causing the polling organization to incorrectly predict the result of the upcoming electio
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section9.3: Binomial Probability
Problem 2E: If a binomial experiment has probability p success, then the probability of failure is...
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Suppose that a particular candidate for public office is in fact favored by 48% of all registered voters in the district. A polling organization will take a random sample of 750 voters and will use p̂, the sample proportion, to estimate p. What is the approximate probability that p̂ will be greater than 0.5, causing the polling organization to incorrectly predict the result of the upcoming election? (Round your answer to four decimal places.)
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