Last year 80 students signed up for a summer trip to Washington, DC. This summer 50 students have signed up to go. What is the p
2 answers:
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Answer:
The value of the standard error for the point estimate is of 0.0392.
Step-by-step explanation:
Central Limit Theorem
The Central Limit Theorem establishes that, for a normally distributed random variable X, with mean and standard deviation
, the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean
and standard deviation
.
For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.
For a proportion p in a sample of size n, the sampling distribution of the sample proportion will be approximately normal with mean and standard deviation
In a randomly selected sample of 100 students at a University, 81 of them had access to a computer at home.
This means that
Give the value of the standard error for the point estimate.
This is s. So
The value of the standard error for the point estimate is of 0.0392.