Question

In: Statistics and Probability

A market research firm conducts telephone surveys with a 47% historical response rate. If 75 individuals...

A market research firm conducts telephone surveys with a 47% historical response rate. If 75 individuals are contacted, find the probability that 36 or less of them will cooperate and respond to the survey questions.

Solutions

Expert Solution

Here we have given that

Market research firm conducts telephone surveys with a 47% historical response rate.

P= population proportion=47%=0.47

n= Number of individuals contacted = 75

Now, we want to find the probability that 36 or less of them will operate and respond to the survey questions.

x: Number of individuals respond to the survey questions=36

= sample proportion =

Here, to find the probability, we want to use the normal approximation to the binomial

n*P= 75*0.47 =35 > 10

n*(1-P)= 75*(1-0.47) =40  >10

Here, we can use the normal approximation to the normal

We know that

the mean of all sample proportion is the population proportion.

= P = 0.47

And

=  

=

=0.058

Now, we want to find the probability that 36 or less of them will operate and respond to the survey questions.

i.e

= converting to the standard normal z

=

=

=0.5675

The probability that 36 or less of them will operate and respond to the survey questions is 0.5675

i.e =0.5675


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