Math Problem Statement
In order to gain additional information about respondents, some marketing researchers have used ultraviolet ink to precode questionnaires that promise confidentiality to respondents. Of 262 randomly selected marketing researchers who participated in an actual survey, 154 said that they disapprove of this practice. Suppose that, before the survey was taken, a marketing manager claimed that at least 86 percent of all marketing researchers would disapprove of the practice.
(a) Assuming that the manager's claim is correct, calculate the probability that 154 or fewer of 262 randomly selected marketing researchers would disapprove of the practice. Use the normal approximation to the binomial. (Round z value to 2 decimal places. Round your answer to 5 decimal places.)
Solution
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Math Problem Analysis
Mathematical Concepts
Binomial Distribution
Normal Approximation
Probability
Formulas
Mean of Binomial Distribution: μ = n × p
Standard Deviation of Binomial Distribution: σ = √(n × p × (1 - p))
Z-Score Formula: z = (x - μ) / σ
Theorems
Central Limit Theorem
Normal Approximation to the Binomial Distribution
Suitable Grade Level
Undergraduate Level (Statistics, Probability Theory)
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