A Food Marketing Institute found that 25% of households. spend more than $125 a week on groceries. Assume the population proportion is 0.25 and a simple random sample of 268 households is selected from the population. What is the probability that the sample proportion of households spending more than $125 a week is less than 0.27? There is a probability that the sample proportion of households spending more than $125 a week is less than 0.27. Round the answer to 4 decimal places.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.4: Collecting Data
Problem 3E
icon
Related questions
Question
A Food Marketing Institute found that 25% of households.
spend more than $125 a week on groceries. Assume the
population proportion is 0.25 and a simple random sample
of 268 households is selected from the population. What is
the probability that the sample proportion of households
spending more than $125 a week is less than 0.27?
There is a
probability that the sample
proportion of households spending more than $125 a week is
less than 0.27. Round the answer to 4 decimal places.
Transcribed Image Text:A Food Marketing Institute found that 25% of households. spend more than $125 a week on groceries. Assume the population proportion is 0.25 and a simple random sample of 268 households is selected from the population. What is the probability that the sample proportion of households spending more than $125 a week is less than 0.27? There is a probability that the sample proportion of households spending more than $125 a week is less than 0.27. Round the answer to 4 decimal places.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning