Math Problem Statement
A survey of the US population found that 26% of consumers shop for groceries online. Suppose you select a sample of 200 consumers. Using what you know about the distribution of the sample proportion answer the following question.
Suppose instead you take a sample of 800 consumers. What is the probability that between 23% and 29% of consumers in your sample shop for groceries online?
(Round answers to four decimal places.)
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Probability
Sampling Distributions
Normal Distribution
Formulas
Mean of the sample proportion: μ̂p = p
Standard deviation of the sample proportion: σ̂p = √[p(1-p)/n]
Z-score formula: z = (p̂ - p) / σ̂p
Theorems
Central Limit Theorem
Suitable Grade Level
Grades 11-12, College level
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