the proportion of the bills that is online are 27%. if you were to select 80 bills at random, what is the probability that at least 35% would be paid online?
Solution:
Given that,
n = 80
= 27% =0.27
1 - = 1 - 0.27 = 0.73
= =0.27
= ( 1 - ) / n
= 0.27 * 0.73 / 80
= 0.0496
= 0.0496
P( 0.35 )
1 - P ( 0.35 )
1 -P ( - / ) ( 0.35 - 0.27 / 0.0496 )
1 -P (z 0.08 / 0.0496 )
1 - P ( z 1.61 )
Using z table
= 1 - 0.9463
= 0.0537
Probability = 0.0537
Get Answers For Free
Most questions answered within 1 hours.