Company DIMOND just paid annual dividend of $5 today. The dividend is expected to grow at 3% for the next 5 years, then it will
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0.017559
It is given that:
Probability of Households Having cable TV, p₀ = 76% = 0.76
Therefore,
The probability that the Households not having cable TV = 1 - 0.76 = 0.24
Sample size, n = 225 households
sample proportions is less than 82% i.e p = 0.82
Now,
The standard error, SE =
= 0.02847
Z =
Z = 2.107
therefore, P(sample porportions < 0.82) = P(Z < 2.107)
now from the p value from the Z table we get P(sample porportions < 0.82) = 0.017559
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