(Solved): Suppose a simple random sample of size n=75 is obtained from a population whose size is N=30,000 an ...
Suppose a simple random sample of size n=75 is obtained from a population whose size is N=30,000 and whose population proportion with a specified characteristic is p=0.6. Complete parts (a) through (c) below. (a) Describe the sampling distribution of p^. Choose the phrase that best describes the shape of the sampling distribution below. A. Approximately normal because n≤0.05N and np(1−p)<10. B. Not normal because n≤0.05N and np(1−p)<10. C. Not normal because n≤0.05N and np(1−p)≥10. D. Approximately normal because n≤0.05N and np(1−p)≥10. Determine the mean of the sampling distribution of p^. pμp^= (Round to one decimal place as needed.) Determine the standard deviation of the sampling distribution of p^. σp^= (Round to six decimal places as needed.) (b) What is the probability of obtaining x=51 or more individuals with the characteristic? That is, what is P(p^≥0.68) ? P(p^≥0.68)= (Round to four decimal places as needed.) (c) What is the probability of obtaining x=36 or fewer individuals with the characteristic? That is, what is P(p^≤0.48) ? P(p^≤0.48)= (Round to four decimal places as needed.)