A random sample of 68 households was selected for a phone survey. The key question asked​ was, "Do you or any member of your household own a product from Company​ A?" Of the 68 respondents, 17 said yes and 51 said no.   a. Determine the sample​ proportion, p​ hat, of households that own Company A product. b. If the population proportion is 0.75​, determine the standard error of the​ proportion, use the formula sheet.

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A random sample of 68 households was selected for a phone survey. The key question asked​ was, "Do you or any member of your household own a product from Company​ A?" Of the 68 respondents, 17 said yes and 51 said no.
 
a. Determine the sample​ proportion, p​ hat, of households that own Company A product.
b. If the population proportion is 0.75​, determine the standard error of the​ proportion, use the formula sheet.
 
 

 

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