SOLUTION: The video states that 78% of people carry less than $50 in cash; 40% carry less than $20 in cash, and 9% carry no cash. Suppose you have a random sample of 100 people and you check
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-> SOLUTION: The video states that 78% of people carry less than $50 in cash; 40% carry less than $20 in cash, and 9% carry no cash. Suppose you have a random sample of 100 people and you check
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Question 1152811: The video states that 78% of people carry less than $50 in cash; 40% carry less than $20 in cash, and 9% carry no cash. Suppose you have a random sample of 100 people and you check how much cash each person is carrying. Assuming that the percentages stated in the video are correct for all adult Americans, discuss how it could occur that 12 people in your sample are carrying no cash while only 75 people in your sample are carrying less than $50 in cash.
