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OpenStudy (anonymous):
In a Midwestern state an automobile insurance company has a large number of customers. From company files it is known that 56% of the customers have only the state minimums for insurance. An official with the state board of insurance is going to take a random sample of 100 accounts to review. Find the standard deviation of the sample proportion in this situation.
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OpenStudy (anonymous):
@rishavraj
OpenStudy (anonymous):
Yes
OpenStudy (anonymous):
STANDARD DEVIATION = SQRT[0.56 * (1 - 0.56)/100] = right?
OpenStudy (anonymous):
so it would be .0496
OpenStudy (raffle_snaffle):
hold on
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OpenStudy (raffle_snaffle):
yes I believe that is correct
OpenStudy (anonymous):
thanks
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