The Wall Street Journal reported that the age at first startupfor 25% of entrepreneurs was 29 years of age or less and the age atfirst startup for 75% of entrepreneurs was 30 years of age or more.(a) Suppose a sample of 200 entrepreneurs will be taken to learnabout the most important qualities of entrepreneurs. Show thesampling distribution of p where p is the sample proportion ofentrepreneurs whose first startup was at 29 years of age or less.If required, round your answers to four decimal places. np = n(1-p)= E(p) = σ(p) = (b) Suppose a sample of 200 entrepreneurs will betaken to learn about the most important qualities of entrepreneurs.Show the sampling distribution of p where p is now the sampleproportion of entrepreneurs whose first startup was at 30 years ofage or more. If required, round your answers to four decimalplaces. np = n(1-p) = E(p) = σ(p) = (c) Are the standard errors ofthe sampling distributions different in parts (a) and (b)?
