Answer:
11/5
Step-by-step explanation:
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Answer:
A card balance is the total amount of money that you currently owe on your credit card. The balance increases when purchases are made and decreases when payments are made. Purchases, balance transfers, foreign exchange, fees, and interest all factor into your credit card balance.
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Given Information:
Population mean = p = 60% = 0.60
Population size = N = 7400
Sample size = n = 50
Required Information:
Sample mean = μ = ?
standard deviation = σ = ?
Answer:
Sample mean = μ = 0.60
standard deviation = σ = 0.069
Step-by-step explanation:
We know from the central limit theorem, the sampling distribution is approximately normal as long as the expected number of successes and failures are equal or greater than 10
np ≥ 10
50*0.60 ≥ 10
30 ≥ 10 (satisfied)
n(1 - p) ≥ 10
50(1 - 0.60) ≥ 10
50(0.40) ≥ 10
20 ≥ 10 (satisfied)
The mean of the sampling distribution will be same as population mean that is
Sample mean = p = μ = 0.60
The standard deviation for this sampling distribution is given by

Where p is the population mean that is proportion of female students and n is the sample size.

Therefore, the standard deviation of the sampling distribution is 0.069.