MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Chapter7 Homework SamplingDistribution (1)
ces
Mailings
Review
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4. According to a 2019 Federal Reserve report, 54% of U.S. young adults who went to college took
on some debt for their education. Suppose we take a random sample of 400 U.S. young adults who
went to college and took on some debt,
a) Find the mean and standard of the sampling distribution of p .(Round the mean to 2 decimal
places and og to 4 decimal places).
mean = ua =
standard deviation of the sample proportion, og =
b) Determine the probability that more than 60% of the persons in the sample took on some debt.
(show all work, round z score to 2 decimal places and probability to 4 decimal places)
States)
MacBook Air
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Transcribed Image Text:Chapter7 Homework SamplingDistribution (1) ces Mailings Review View 4. According to a 2019 Federal Reserve report, 54% of U.S. young adults who went to college took on some debt for their education. Suppose we take a random sample of 400 U.S. young adults who went to college and took on some debt, a) Find the mean and standard of the sampling distribution of p .(Round the mean to 2 decimal places and og to 4 decimal places). mean = ua = standard deviation of the sample proportion, og = b) Determine the probability that more than 60% of the persons in the sample took on some debt. (show all work, round z score to 2 decimal places and probability to 4 decimal places) States) MacBook Air
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