Math Problem Statement
An investment website can tell what devices are used to access the site. The site managers wonder whether they should enhance the facilities for trading via "smart phones," so they want to estimate the proportion of users who access the site that way (even if they also use their computers sometimes). They draw a random sample of 200 investors from their customers. Suppose that the true proportion of smart phone users is 43%. Complete parts a through c below. Question content area bottom Part 1 a) What would you expect the shape of the sampling distribution for the sample proportion to be? A. Normal B. Uniform C. Exponential D. None of these
Solution
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Math Problem Analysis
Mathematical Concepts
Sampling Distributions
Proportions
Central Limit Theorem
Formulas
Sample size: n = 200
True proportion: p = 0.43
Sampling distribution conditions: np ≥ 10, n(1-p) ≥ 10
Theorems
Central Limit Theorem
Suitable Grade Level
Grades 10-12
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