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of 220 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?

of 220 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?

College Algebra
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section: Chapter Questions
Problem 14T: An unbalanced coin is weighted so that the probability of heads is 0.55. The coin is tossed ten...
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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 220 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 220 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.
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