In: Statistics and Probability
Problem 1: In the United States, 35% of households own a 4K television. Suppose we take a random sample of 150 households.
(a) Describe the distribution of the sample proportion.
(b) What is the probability that in this sample of 150 households that more than 50% own a 4K television? (Hint: It should be a very small probability)
Solution
Given that,
p = 0.35
1 - p = 1 - 0.35 = 0.65
n = 150
a) = p = 0.35
= [p( 1 - p ) / n] = [(0.35 * 0.65) / 150 ] = 0.0389
b) P( > 0.50) = 1 - P( < 0.50 )
= 1 - P(( - ) / < (0.50 - 0.35) / 0.0389)
= 1 - P(z < 3.86)
Using z table
= 1 - 0.9999
= 0.0001