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The probability of winning a prize from a scratch
off card is 60%. A sample of 30 cards is taken.
What is the standard error of the proportion,
rounded to the nearest thousandth?

Respuesta :

Answer:

The standard error of the proportion is

[tex]E=0.089[/tex]

Step-by-step explanation:

Assuming that the size of population N is large enough, and with a sample [tex]n = 30[/tex], so that:

[tex]\frac{n}{N}\leq0.05[/tex] then the standard error of the proportion is:

[tex]E = \sqrt{\frac{p(1-p)}{n}}[/tex]

Where

[tex]n = 30\\\\p= 0.6\\\\E = \sqrt{\frac{0.6(1-0.6)}{30}}\\\\E =\sqrt{\frac{0.6(0.4)}{30}}\\\\E=\frac{\sqrt{5}}{25}=0.089[/tex]