Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. according to recent research, 41% of americans hav

According to recent research, 41% of Americans have less than $375 in the bank for...

50.1K

Verified Solution

Question

Basic Math

image

According to recent research, 41% of Americans have less than $375 in the bank for an emergency. Let p be the proportion of people who have less than $375 in the bank for an emergency in a random sample of 86 Americans. Determine the probability that the proportion of people in a random sample of 86 Americans who have less than $375 in the bank for an emergency is within 7% of the population proportion. Round the solution to four decimal places. P(p within 7% of the population proportion) Determine the probability that the proportion of people in a random sample of 86 Americans who have less than $375 in the bank for an emergency is less than the population proportion by 9% or more. Round the solution to four decimal places. P(p less than the population proportion by 9% or more) : =

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Which stage of molting is indicated in the figure below premolt carpace elevation ecdysis membrane...

Geometry
1.2K views

What is the lateral area of the cone 4 ft 9 ft The lateral area...

Basic Math
1.2K views

Consider the following table GDP Depreciation Corporate earnings Transfer Payments Personal Tax Payments National income...

Basic Math
1.2K views

Harry is making bouquets of balloons. He makes the bouquets so that 2 out of...

Calculus
1.2K views

2 Convert the following numbers to decimal notation 2 points a 3 66 x 105...

Accounting
1.2K views

In the Beazer Homes fraud case, what elements of the fraud triangle were present?

Accounting
1.2K views

For each of the following costs, identify whether it is a...

Accounting
1.2K views

3 a1 19 The Loch Corporation reports the following information for its Eastern Division: Revenue...

Accounting
1.2K views

Briefly outline the pratical approach of bank charges in relation to the trust banking account

Accounting
1.2K views

So I was wondering, if I copy paste this answers for my assignments, is there...

Accounting
1.2K views

Which of the following statements about depreciation is true? Select one: a. The choice of...

Accounting
1.2K views

Sunland uses the periodic inventory system. For the current month, the beginning inventory consisted of...