According to a​ study, approximately​ 60% of US adults believe that they have​ achieved, or are within reach​ of, the​ "American Dream"​ (that is, home ownership and financial​ stability). Now consider a random sample of 400 US adults. What is the probablity that over​ 65% of the sampled adults believe they have reached or are optimistic about reaching the American​ Dream?

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.2: Introduction To Probability
Problem 52E
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According to a​ study, approximately​ 60% of US adults believe that they have​ achieved, or are within reach​ of, the​ "American Dream"​ (that is, home ownership and financial​ stability). Now consider a random sample of 400 US adults. What is the probablity that over​ 65% of the sampled adults believe they have reached or are optimistic about reaching the American​ Dream? 

 

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