Question

An institute reported that 62% of its members indicate that lack of ethical culture within financial firms has contributed most to the lack of trust in the financial industry. Suppose that you select a sample of 100 institute members. Complete parts (a) through (d) below. a. What is the probability that the sample percentage indicating that lack of ethical culture within financial firms has contributed the most to the lack of trust in the financial industry will be between 54% and 65%? 1 (Type an integer or decimal rounded to four decimal places as needed.)

Answer 1

23.56 S m= 100, þ-0.62 = U-mb-62,6-topo-D)-523.56 @ of x² No of members out of 100 with lack of ethical culture, a=X-4 = x-62 - P(0.54 <<0.65)=) P(54<x<65) = P .56<<<123.51) = Pl-165<7<0.62) -10.68291