In a particular county, 40% of residents own homes. For samples of size n=600, consider the sampling distribution of the sample proportion ("phat") of residents who own homes.
The standard deviation of the sampling distribution of the sample proportion is __________ .
Group of answer choices
.4
.6
None of the other choices represent a suitable response.
.24
.02
Solution
Given that,
p = 0.4
1 - p = 1 - 0.4 = 0.6
n = 600
The mean of the sampling distribution of proportion is ,
= p = 0.4
The standard deviation of the sampling distribution is ,
= p ( 1 - p ) / n
= (0.4 * 0.6) /600 = 0.02
= 0.02
The standard deviation of the sampling distribution of the sample proportion is 0.02
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