Suppose that a population parameter is 0.9 and many large samples are taken from the population. If the sample proportions are normally distributed, with 99.7% of the sample proportions falling between 0.867 and 0.933, what is the standard deviation of the sample proportions? A. 0.025 B. 0.022 C. 0.011 D. 0.015
Well the formula for standard deviation is difficult but it should be B
So if I plugged those numbers into the standard deviation formula I would get 0.022 as my answer?
Yes, most likely
@perl could you explain this to me if you don't mind I am confused as to how you solve this problem.
the standard deviation of the sampling distribution of the sample proportion is $$ \Large \rm { \sigma_p= \sqrt{\frac{p (1-p)}{n}}, \\~\\ ~This~ is~valid~ when ~population ~is~ ten~ times\\~ bigger ~ than ~ sample. } $$
* standard deviation of the sampling distribution of sample proportions of size n
what numbers do I plug into where in the formula
we want the critical score for 99.7% significance level but 99.7% = .997 we need to find the z score for this and i found it to be 2.9677
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