A student earns $7.50 per hour at her part-time job. She wants to earn at least $200.
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Answer:
The <u>sample proportion</u>, denoted by ^p, is given by the formula ^p= , where x is the number of individuals with a specified characteristic in a sample of n individuals.
Step-by-step explanation:
Sample proportion is used to determine sample mean, sample standard error and test the hypotheses about the population.
<em>sample mean</em> can be stated as p and <em>sample standard error</em> can be found using the equation where
- n is the sample size
- p is the sample proportion
And if n×p×(1-p)≥10, then sample is assumed large enough to assume normal distribution and apply statistical test.