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govt. data shows that 10% of males under age 25 are unemployed. A random sample is taken of 400 males who are in the labor force and under age 25. Find the chance that the samp
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govt. data shows that 10% of males under age 25 are unemployed. A random sample is taken of 400 males who are in the labor force and under age 25. Find the chance that the samp
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Question 637248:
govt. data shows that 10% of males under age 25 are unemployed. A random sample is taken of 400 males who are in the labor force and under age 25. Find the chance that the sample unemployment rate is 12% or more. Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! govt. data shows that 10% of males under age 25 are unemployed. A random sample is taken of 400 males who are in the labor force and under age 25. Find the chance that the sample unemployment rate is 12% or more.
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z(0.12) = (0.12-0.10)/sqrt[0.10*0.90/100] = 0.667
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P(p >= 0.12) = P(p >= 0.667) = 0.2525
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Cheers,
Stan H.
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