Seventy-six percent of small business owners do not have a college degree. If a random sample of 60 small business owners is selected, find the probability in the following.
a). Greater than or equal to 50 small owners do not have a college degree.
Seventy-six percent of small business owners do not have a college degree. If a random sample...
Suppose 50% of the population has a college degree. If a random sample of size 673 is selected, what is the probability that the proportion of persons with a college degree will differ from the population proportion by less than 5%? Round your answer to four decimal places.
Suppose 47% of the population has a college degree. If a random sample of size 460 is selected, what is the probability that the proportion of persons with a college degree will differ from the population proportion by less than 4%? Round your answer to four decimal places.
Twenty percent of the CFA candidates have a degree in economics. A random sample of four CFA candidates is selected. What is the probability that at least one of them has a degree in economics?
Suppose a recent business article reported that 33% of small business owners in the United States preferred a Simplified Employee Pensions Individual Retirement Account (SEP IRA) to a Roth IRA. The local chamber of commerce wanted to see if the proportion of small business owners who prefer the SEP IRA was greater in their community. They randomly sampled 100 small business owners and asked which of the two retirement accounts they preferred. The survey found that 36 small business owners...
In a survey of 1147 small-business owners, the following question was posed: Would you recommend working with a significant other? Sixty-one percent of those polled answered in the affirmative, whereas 39% answered in the negative. Assuming that this result reflects the view of all small-business owners, what is the probability that at least 8 out of 10 small-business owners selected at random will opine that it would be unwise to work with the significant other? (Round your answer to four...
In a survey of 1147 small-business owners, the following question was posed: Would you recommend working with a significant other? Sixty-seven percent of those polled answered in the affirmative, whereas 33% answered in the negative. Assuming that this result reflects the view of all small-business owners, what is the probability that at least 8 out of 10 small-business owners selected at random will opine that it would be unwise to work with the significant other? (Round your answer to four...
I. Six hundred and seventy registered voters were surveyed and asked their political affiliatiorn and whether or not they favor a national health care policy. The results are below Democratic) 160 IndepenntD) Republican E) Favor national healthcare policy(A) Do not favor national healtheare policy(B) 30 130 100 50 200 . P(A) 2. P(C or D) 3. P(C and D) 4. P(B 1 D) 5. P(B') 6. P(D or E) 7, P(B and C) 8. P(E |A) II. A study found...
An estimated ________ percent of small business owners in the U.S. have Web sites. A) 25 B) 54 C) 75 D) 90
In a survey of 1000 eligible voters selected at random, it was found that 200 had a college degree. Additionally, it was found that 90% of those who had a college degree voted in the last presidential election, whereas 46% of the people who did not have a college degree voted in the last presidential election. Assuming that the poll is representative of all eligible voters, find the probability that an eligible voter selected at random will have the following...
2. Assume that the population proportion of adults having a college degree is 0.44. A random sample of 275 adults is to be selected to test this claim. A) What are the shape, mean, and standard deviation of the sampling distribution of the sample proportion for samples of 275 B) What is the probability that the sample proportion will be less than 0.52 C) What is the probability that the sample proportion will al within 4 percentage points+-0.04) of the...