The students at Walden Middle School are selling tins of popcorn to raise money for new uniforms. They sold 42 tins in the first
week.How much money did they make in the first week?
2 answers:
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Using the <u>normal distribution and the central limit theorem</u>, it is found that there is a 0.0166 = 1.66% probability of a sample proportion of 0.59 or less.
In a normal distribution with mean and standard deviation
, the z-score of a measure X is given by:
- It measures how many standard deviations the measure is from the mean.
- After finding the z-score, we look at the z-score table and find the p-value associated with this z-score, which is the percentile of X.
- By the Central Limit Theorem, the sampling distribution of sampling proportions of a proportion p in a sample of size n has mean
and standard error
In this problem:
- 1,190 adults were asked, hence
- In fact 62% of all adults favor balancing the budget over cutting taxes, hence
.
The mean and the standard error are given by:
The probability of a sample proportion of 0.59 or less is the <u>p-value of Z when X = 0.59</u>, hence:
By the Central Limit Theorem
has a p-value of 0.0166.
0.0166 = 1.66% probability of a sample proportion of 0.59 or less.
You can learn more about the <u>normal distribution and the central limit theorem</u> at brainly.com/question/24663213