several years ago, the Gallup Organization conducted a random survey of 1018 adults aged 18 or older living in the United States and asked if you had $1000 to spend. Do you think investing it in the stock market would be a good idea? The Gallup study concluded that 54% of those surveyed said they thought investing in the stock. Market was a good idea. A statician would like to take a random sample of 200 of those 1018 adults and ask them the same question again to see if people change their minds over time. Based on the Gallup survey a statician specs that 54% of their sample will say that investing $1000 in the stock market would be a good idea give or take 2.1% find the chance as a percentage that institutions random sample 51% or more of them would say that investing $1000 in the stock market is a good idea write your answer as a percentage.
several years ago, the Gallup Organization conducted a random survey of 1018 adults aged 18 or older living in the United States and asked if you had $1000 to spend. Do you think investing it in the stock market would be a good idea? The Gallup study concluded that 54% of those surveyed said they thought investing in the stock. Market was a good idea. A statician would like to take a random sample of 200 of those 1018 adults and ask them the same question again to see if people change their minds over time. Based on the Gallup survey a statician specs that 54% of their sample will say that investing $1000 in the stock market would be a good idea give or take 2.1% find the chance as a percentage that institutions random sample 51% or more of them would say that investing $1000 in the stock market is a good idea write your answer as a percentage.
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