Question

Describe the sampling distribution of Phat. Assume the size of the Population is 25,000. N = 500 P = 0.4 Determine the Mean of the sampling distribution of Phat. Determine the standard deviation of the sampling distribution of Phat.

Answer 1

Answer:

0.022

Step-by-step explanation:

Given that :

Population size = 25000

n = 500 ; p = 0.4

Size of random sample (n) = 500

5% of population size : 0.05 * 25000 = 1250

Distribution is normally distributed since n < 5% of population size

Hence, the mean of the distribution = p = 0.4

Standard deviation = √((pq) /n)

q = 1 - p ; q = 1 - 0. 4 = 0.6

Standard deviation = √((0.4 * 0.6) /500)

Standard deviation = 0.0219089

= 0.022