MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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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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