Question

According to a survey in a​ country, 3636​% of adults do not own a credit card....

According to a survey in a​ country, 3636​% of adults do not own a credit card. Suppose a simple random sample of 400400 adults is obtained.

-Would it be unusual for a random sample of 400 adults to result in 136 or fewer who do not own a credit​ card? Why? Select the correct choice below and fill in the answer box to complete your choice. (Round to four decimal places as​ needed.)

a) The result is unusual because the probability that p hat is less than or equal to the sample proportion is ___ which is greater than 5%

b) The result is not unusual because the probability that p hat is less than or equal to the sample proportion is ____ which is less than 5%

c) The result is unusual because the probability that p hat is less than or equal to the sample proportion is ___ which is less than 5%

d) The result is not unusual because the probability that p hat is less than or equal to the sample proportion is ___ which is greater than 5%

Homework Answers

Answer #1

Ho: po <= .36
h1: po > .36

X=   136  
n=   400  
p-hat = X/n=   0.340    =136/400
po=   0.360   

test statistic, z = (phat-p)/sqrt(p*(1-p)/n)
z = (0.34-0.36)/SQRT(0.36*(1-0.36)/400)
z = -0.833

p-value = 1-P(Z<z)
p-value = 1-P(z<-0.833333)
p-value = 1-NORMSDIST(-0.833333)
p-value = 0.79767

Since p>5%, i fail to reject ho and conclude that p<=0.36

hence the correct option is :

d) The result is not unusual because the probability that p hat is less than or equal to the sample proportion is __0.7977_ which is greater than 5%

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
According to a survey in a​ country, 24​% of adults do not own a credit card....
According to a survey in a​ country, 24​% of adults do not own a credit card. Suppose a simple random sample of 400 adults is obtained. Complete parts​ (a) through​ (d) below. b) what is the probability that in a random sample of 400 adults, more than 28% do not own a credit card? Interpret this probability: If 100 different random samples of 400 adults were​ obtained, one would expect ___ to result in more than 28​% not owning a...
According to a survey in a​ country, 22​% of adults do not own a credit card....
According to a survey in a​ country, 22​% of adults do not own a credit card. Suppose a simple random sample of 300 adults is obtained a) What is the probability that in a random sample of 300 adults, between 19​% and 24​% do not own a credit​ card? The probability is ____. (Round to four decimal places as​ needed.) b) If 100 different random samples of 300 adults were​ obtained, one would expect nothing to result in between 19%...
According to a survey in a​ country, 39​% of adults do not own a credit card....
According to a survey in a​ country, 39​% of adults do not own a credit card. Suppose a simple random sample of 300 adults is obtained. Complete parts​ (a) through​ (d) below. ​(a) Describe the sampling distribution of ModifyingAbove p with caret​, the sample proportion of adults who do not own a credit card. Choose the phrase that best describes the shape of the sampling distribution of ModifyingAbove p with caret below. A. Not normal because n less than or...
According to a survey in a​ country, 27​% of adults do not own a credit card....
According to a survey in a​ country, 27​% of adults do not own a credit card. Suppose a simple random sample of 500 adults is obtained. Complete parts​ (a) through​ (d) below. ​(a) Describe the sampling distribution of ModifyingAbove p with caretp​, the sample proportion of adults who do not own a credit card. Choose the phrase that best describes the shape of the sampling distribution of ModifyingAbove p with caretp below. A.Approximately normal because n less than or equals...
According to a survey in a​ country, 23​% of adults do not own a credit card....
According to a survey in a​ country, 23​% of adults do not own a credit card. Suppose a simple random sample of 400 adults is obtained. Complete parts​ (a) through​ (d) below. a) Describe the sampling distribution of ModifyingAbove p with caretp​, the sample proportion of adults who do not own a credit card. Choose the phrase that best describes the shape of the sampling distribution of ModifyingAbove p with caretp below. A. Approximately normal because n less than or...
According to a survey in a​ country, 39 ​% of adults do not own a credit...
According to a survey in a​ country, 39 ​% of adults do not own a credit card. Suppose a simple random sample of 200 adults is obtained. Complete parts​ (a) through​ (d) below. (a) Describe the sampling distribution p the sample proportion of adults who do not own a credit card. Choose the phrase that best describes the shape of the sampling distribution of p below. Determine the mean of the sampling distribution of Determine the standard deviation of the...
According to a survey in a​ country, 2727​% of adults do not own a credit card....
According to a survey in a​ country, 2727​% of adults do not own a credit card. Suppose a simple random sample of 900900 adults is obtained. Complete parts​ (a) through​ (d) below. ​(a) Describe the sampling distribution of ModifyingAbove p with caretp​, the sample proportion of adults who do not own a credit card. Choose the phrase that best describes the shape of the sampling distribution of ModifyingAbove p with caretp below. A. Approximately normal because n less than or...
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%.
According to a marketing research firm, 31% of people do not own a credit card. If...
According to a marketing research firm, 31% of people do not own a credit card. If a random sample of 208 people are chosen, what is the probability that between 25% and 33% do not own a credit card? (Give your answer with 4 decimals
According to a survey in a country, 47​% of adults do not have any credit cards....
According to a survey in a country, 47​% of adults do not have any credit cards. Suppose a simple random sample of 400 adults is obtained. What is the probability that 195 or more have no credit cards?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT