A recent study on Millennials was done and as part of the study, it was found that 43% of Millennials do not want to have kids. Suppose a random sample of 250 Millennials is taken. Describe the sampling distribution
Solution
Given that,
p = 0.43
1 - p = 1-0.43=0.57
n = 250
sampling distribution of sample proportion =(0.43,250)
mean = = p =0.43
standard deviation = = [p ( 1 - p ) / n] = [(0.43*0.57) /250 ] = 0.0313
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