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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1) Which of the following statements is true regarding fluid shifts? A. Nonelectrolytes are the controlling factor in directing...

Medical Sciences
Q

Acute Respiratory Distress Syndrome - what are some of the causes for this disorder? -what happens? (first...

Medical Sciences
Q

Misfolded proteins are not responsible forkwashiorkorprion diseaseHuntington DiseaseParkinson DiseaseAlzheimer Disease

Biology
Q

1 The pathway that produces ribose from glucose is A glycogenesis B glycogenolysis C glycolysis...

Biology
Q

Suppose 24 kg of 90.5 C water is placed in contact with 24 kg of...

Physics
Q

manner through Water flows in a streamlined a capillary tube of radius a the pressure...

Physics
Q

Consider the data set:4, 5, 5, 6, 6, 8, 8, 9, 10, 14What would happen...

Basic Math
Q

3 10 ...

Accounting
Q

How does the U.S. income tax treaty with Germany define business profits for multinational businesses?

Accounting
Q

Exercise 8-11 (Algo) Record gift card transactions (LO8-4) Vail is one of the largest ski...

Accounting
Q

Using two to three well-written paragraphs discuss why clients might be upset when being billed....

Accounting
Q

The comparative statements of Sunland Company are presented here: i.jabilities and Stockholders' Equity Current liabilities...

Accounting