In: Statistics and Probability
A director of reservations believes that 6% of the ticketed passengers are no-shows. If the director is right, what is the probability that the proportion of no-shows in a sample of 531 ticketed passengers would be greater than 4%? Round your answer to four decimal places.
Solution
Given that,
p = 0.06
1 - p = 1-0.06=0.94
n = 531
= p =0.06
= [p( 1 - p ) / n] = [(0.06*0.94) / 531 ] = 0.0103
P( > 0.04) = 1 - P( <0.04 )
= 1 - P(( - ) / < (0.04-0.06) / 0.0103)
= 1 - P(z <-1.94 )
Using z table
= 1 -0.0262
=0.9738
probability=0.9738