Essentials of Modern Business Statistics with Microsoft Office Excel (Book Only)
Essentials of Modern Business Statistics with Microsoft Office Excel (Book Only)
7th Edition
ISBN: 9781337298353
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
Publisher: South-Western College Pub
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Chapter 7.6, Problem 36E

The Grocery Manufacturers of America reported that 76% of consumers read the ingredients listed on a product's label. Assume the population proportion is p = .76 and a sample of 400 consumers is selected from the population.
a. Show the sampling distribution of the sample proportion p ¯ , where p ¯ is the proportion of the sampled consumers who read the ingredients listed on a product's label.
b. What is the probability that the sample proportion will be within ± .03 of the population proportion?
c. Answer part (b) for a sample of 750 consumers.

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