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 200200 investors from their customers. Suppose that the true proportion of smart phone users is 4343%. Complete parts a through c below.
Solution
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Math Problem Analysis
Mathematical Concepts
Sampling Distribution
Proportion
Normal Distribution
Central Limit Theorem
Formulas
Mean of sample proportion: μp = p
Standard deviation of sample proportion: σp = sqrt(p(1 - p) / n)
Z-score formula: z = (p̂ - μp) / σp
Theorems
Central Limit Theorem
Suitable Grade Level
Grades 11-12
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