Raymond B. answered 02/19/24
Math, microeconomics or criminal justice
33% of households spend more than $125 per week on groceries
population proportion = .33 =33%/100%= 33/100 = .33
what is the probability a random sample of 412 households spending more than $125 per week, will have a proportion less than .31?
calculate the z score, z= (x-mean)/s/sqrN
but s is not expressly given
to find s, use the binomial distribution, as there are two possibilities, either the household spends more than 125 or doesn't spend more than 125
mean = np = .33(412) = 135.96
standard deviation = square root of npq = np(1-q) = sqr(135.96(.67)) = sqr91.0932= about 9.5443
s= 9.5443
x= .31(412) = 127.72
z = (127.72- 135.96)/9.5443/sqr412
= -8.24sqr412/9.5443
= - 17.5239
find the corresponding area under the normal curve= nearly 0 % =0.0000% rounded to 4 decimals
or possibly the problem really wanted
z= -8.24/9.5443 = -0.8633
with corresponding area under the curve
= .19399
= 19.399% of the 412 households spent less than $125
if your computer isn't taking either of those answers, try 1-those answers
or 0.0000% or 80.6010%, although those last digits 990 or 010 may be off by that 3rd end digit
the "more" and "less" than in the problem gets confusing