Probability Based on the Sampling Distribution
Not what you're looking for?
The proportion of individuals insured by the All-Driver Automobile Insurance Company who received at least one traffic ticket during a five-year period is .15.
1. Show the sampling distribution of p if a random sample of 150 insured individuals is used to estimate the proportion having received at least one ticket.
2. What is the probability that the sample proportion will be within +-.03 of the population proportion.
Purchase this Solution
Solution Summary
The solution gives detailed steps on calculating the probability based on the sampling distribution of proportion. All formula and calculations are shown and explained.
Solution Preview
1. Since the sample size of 150 is large enough, by the central limit theorem, the sampling ...
Purchase this Solution
Free BrainMass Quizzes
Measures of Central Tendency
This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.
Measures of Central Tendency
Tests knowledge of the three main measures of central tendency, including some simple calculation questions.
Terms and Definitions for Statistics
This quiz covers basic terms and definitions of statistics.
Know Your Statistical Concepts
Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.