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)