Mary owns 13 shares of a certain stock. Yesterday the value of each share went up by 4 dollars. What was the total change in val
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Answer:
The mean of the sampling distribution of the sample proportions is 0.82 and the standard deviation is 0.0256.
Step-by-step explanation:
The Central Limit Theorem estabilishes 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 proportions, the mean is and the standard deviation is
In this problem, we have that:
.
So
The mean of the sampling distribution of the sample proportions is 0.82 and the standard deviation is 0.0256.