In: Statistics and Probability
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.
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