In: Statistics and Probability
Suppose a large shipment of microwave ovens contained 4% defectives. If a sample of size 362 is selected, what is the probability that the sample proportion will differ from the population proportion by less than 3%? Round your answer to four decimal places.
Solution:
Given that,
n = 362
= 4% =0.04
1 - = 1 - 0.04 = 0.96
= = 0.04
= ( 1 - ) / n
= 0.04 * 0.96 / 362
= 0.0103
= 0.0103
P ( < 0.03 )
P ( - / ) < ( 0.03- 0.04 / 0.0103 )
P ( z < - 0.01 / 0.0103 )
Using z table
P ( z < -0.97 )
=0.1660
Probability = 0.1660