Math Problem Statement
Suppose I sample 100 individuals and find that πΜ =.2 of them like tapioca pudding but (1βπΜ )=0.8 do not like tapioca pudding. What is the standard error of the estimate of the proportion of individuals who like tapioca pudding, πΜ ?
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Proportion Estimation
Standard Error
Formulas
SE(πΜ) = β((πΜ(1βπΜ))/n)
Theorems
Central Limit Theorem
Suitable Grade Level
Grades 10-12
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