Question
About 29% of adults do not own a credit card. Suppose a random sample of 200...
About 29% of adults do not own a credit card. Suppose a random sample of 200 adults is asked, "Do you own a credit card?".
a) describe the sampling distribution of phat of adults who own a credit card.
b) Find the probability of the sample proportion greater than 0.35.
c) Find the sample proportions with the middle 93.5%.
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