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Mekhanik [1.2K]
2 years ago
10

What happens if the public does not believe in the Fed's ability to carry out its policy

Advanced Placement (AP)
2 answers:
eduard2 years ago
8 0
Question: Question 4 of 10 What happens if the public does not believe in the Fed's ability to carry out its policy? ... Fiscal policy will not work.
sweet [91]2 years ago
4 0

Answer:

. Monetary policy will not work.

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If the wait time is less than 30 minutes for 75% of all patients in the emergency room, what is the probability that the
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The probability that the proportion of patients who wait less than 30 minutes is 0.582 or less is 0.0020

<h3>What is probability? </h3>

Probability can be defined as the likelihood of an event to occur. In statistics, the mean of the sample distribution typically shows the probability of the population.

From the parameters given:

  • The sample size (n) = 55 patients
  • Let's assume that the mean (x) = 32 (i.e. 58.2%) of the patients

The sample proportion \mathbf{\hat p} can be computed by using the expression:

\mathbf{\hat p = \dfrac{x}{n}}

\mathbf{\hat p = \dfrac{32}{55}}

\mathbf{\hat p =0.582}

If the percentage of the probability of all patients in the emergency room = 0.75

The probability that the proportion of patients who wait less than 30 minutes is 0.582 or less can be computed as:

\mathbf{( \hat P \leq 0.582) = P \Big( \dfrac{\hat p - p}{\sqrt{\dfrac{p(1-p)}{n}}} \leq \dfrac{0.582 - 0.75}{\sqrt{\dfrac{0.75(1-0.75)}{55}}} \Big )}

\mathbf{( \hat P \leq 0.582 )= P \Big( Z \leq \dfrac{-0.168}{\sqrt{0.003409}} \Big )}

\mathbf{( \hat P \leq 0.582) = P \Big( Z \leq -2.88 \Big )}

From the Z distribution table:

\mathbf{( \hat P \leq 0.582) = 0.00198}

\mathbf{( \hat P \leq 0.582) \simeq 0.0020}

Learn more about probability here:

brainly.com/question/24756209

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