SOLUTION: A survey conducted by USA Today showed that 118 of 250 investors owned some real estate. Calculate a standard error

Algebra ->  Algebra  -> Probability-and-statistics -> SOLUTION: A survey conducted by USA Today showed that 118 of 250 investors owned some real estate. Calculate a standard error       Log On

Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations!
Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help!

   

Question 613058: A survey conducted by USA Today showed that 118 of 250 investors owned some real estate.
Calculate a standard error

Answer by stanbon(57219) About Me  (Show Source):
You can put this solution on YOUR website!
A survey conducted by USA Today showed that 118 of 250 investors owned some real estate.
Calculate a standard error
----
p = 118/250 = 0.472 ; q = 0.528
-----
s = sqrt{p*q/n}
----
s = sqrt(0.472*0.528/250] = 0.0009969
================
Cheers,
Stan H.
================