In: Statistics and Probability
Crave is a large subscription-based internet streaming service for movies
and television shows. Suppose the proportion of Saskatchewanians who have a Crave
subscription is 0.15. Suppose the population of Rosetown, Saskatchewan is 2700 people. What is the probability that between 14% and 17% of people in Rosetown, Saskatchewan have a Crave subscription? Round your standard deviation to 4 decimal places.
Note: In your answer, please show all of the following:
1) The distribution your random variable follows
2) The probability you are asked to calculate
3) Any tricks you use
4) Your rounded z-score (remember to round your z-score to 2 decimal places)
5) Your final probability
1). My random variable of number of people in Rosetown who subscribe to Crave follows a Binomial distribution.
2). The Probability I was asked to calculate is the proportion of people in Rosetown who subscribed to Crave.
3) Here, since n=2700, is quite large, I shall use the Normal approximation to Binomial distribution.
4). For a Normal approximation, we know that
where is the given subscription rate ie 0.15 and n=2700.
We are asked to find out the prob that p is between 0.14 and 0.17.
Therefore when p=0.14,
which will yield(rounded to two figures)
When p=0.17,
Therefore the Z scores are -1.46 to 2.91.
5)The final probability:
Which equal to finding the probability
the probability that between 14% and 17% of people in Rosetown, Saskatchewan have a Crave subscription=0.926