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Question: The Grocery Manufacturers of America reported that 76% of consumers read the ingrecients listed on a products label. Assume the population proportion is p = .76 and a sample of 400 consumers is selected from the population.
a. Show the sampling distribution of the sample proportion P¯, where P¯ is the pro-portion of the sampled consumers who read the ingredients listed on a products label.
b. What is the probability that the sample proportion will be within -1-.03 of the population proportion?
c. Answer part (b) far a sample of 750 consumers.
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Visa Card USA studied how frequently young consumers, ages 18 to 24. use plastic (debit and credit) cards in making purchases (Associated Press. January 16.
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It conducts a telephone poll of 300 randomly selected households in the area and finds that 100 have dvd players. state the p-vaule of the test.
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