According to a 2009 Reader's Digest article, people throw away approximately 10% of what they buy at the grocery store. Assume this is the true proportion and you plan to randomly survey 77 grocery shoppers to investigate their behavior. What is the probability that the sample proportion exceeds 0.08? Note: You should carefully round any z-values you calculate to 4 decimal places to match wamap's approach and calculations. Answer = (Enter your answer as a number accurate to 4 decimal places.)
We have
Population proportion
Sample proportion
sample size n = 77
we have to find the probability that the proportion exceeds 0.08
Using the formula
setting the given values, we get
this gives us
we can write it using the identity
So, we get
Using z distribution table to get the p value, we get
So, the required probability is 0.7224 (rounded to 4 decimal places)
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