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Calculate the standard error of the proportion

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Reference no: EM132840304

According to the? research, 45?% of homes sold in a certain month and year were purchased by? first-time buyers. A random sample of 195 people who just purchased homes is selected.

a. Calculate the standard error of the proportion.

σp= 0.0356

b. What is the probability that less than 93 of them are? first-time buyers? ?P(Less than 93 of them are? first-time ?buyers)=? ?(Round to four decimal places as? needed.)

Reference no: EM132840304

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