/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Problem 43 Which of the following are the m... [FREE SOLUTION] | 91Ó°ÊÓ

91Ó°ÊÓ

Which of the following are the mean and standard deviation of the sampling distribution of the sample proportion \(\hat{p} ?\) (a) \(\quad\) Mean \(=0.30, \mathrm{SD}=0.017\) (b) \(\quad\) Mean \(=0.30, \mathrm{SD}=0.55\) (c) Mean \(=0.30, \mathrm{SD}=0.0003\) (d) Mean \(=225, \mathrm{SD}=12.5\) (e) Mean \(=225, \mathrm{SD}=157.5\)

Short Answer

Expert verified
Option (a) is correct: Mean = 0.30, SD = 0.017.

Step by step solution

01

Understanding the Problem

We need to identify the mean and standard deviation of the sampling distribution of the sample proportion \( \hat{p} \). The formula for the mean \( \mu_{\hat{p}} \) of the sample proportion is the population proportion \( p \), and the standard deviation \( \sigma_{\hat{p}} \) is calculated using the formula \( \sqrt{ \frac{p(1-p)}{n} } \), where \( n \) is the sample size.
02

Analyzing the Given Options

The mean for the example is given as 0.30 in options (a), (b), and (c), which aligns with the typical mean \( \mu_{\hat{p}} = p \). Options (d) and (e) are incorrect for the mean because they suggest a mean of 225, which is not in the range for a proportion.
03

Calculating Standard Deviation for Sample Proportion

Assuming a common value for \( p = 0.30 \) and a sample size \( n \), calculate the standard deviation \( \sigma_{\hat{p}} = \sqrt{ \frac{p(1-p)}{n} } \). Without knowing \( n \), look for an option with a reasonable standard deviation for a sample proportion.
04

Verifying the Correct Answer

Given the realistic scope of standard deviations for a sample proportion, options (b) and (c) provide unlikely figures due to their extreme values (either too large or too small). Option (a) provides a realistic standard deviation typically seen with common sample sizes.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with 91Ó°ÊÓ!

Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Sample Proportion
The sample proportion, denoted as \( \hat{p} \), is a statistic that represents the proportion of a specific trait or outcome in a sample. It is often used in statistics to draw inferences about the population proportion \( p \). For example, if you survey 100 people and 30 of them say they like ice cream, the sample proportion \( \hat{p} \) is 0.30.

Understanding the sample proportion is essential because it helps in estimating the actual proportion of a characteristic in the whole population. It is the foundation of many statistical procedures and can be used in hypothesis testing and confidence intervals.
  • The sample proportion is calculated as \( \hat{p} = \frac{x}{n} \), where \( x \) is the number of favorable outcomes and \( n \) is the total number of trials or sample size.
  • You can think of \( \hat{p} \) as the sample's average outcome or the frequency of an event occurring in the sample.
In summary, the sample proportion is a simple yet powerful tool used to estimate population parameters and make decisions based on sample data.
Mean of Sampling Distribution
The mean of the sampling distribution, also known as the expected value, tells us the central tendency of the distribution of sample proportions. In the context of a sample proportion \( \hat{p} \), the mean of its sampling distribution is the same as the population proportion \( p \).

This is an important concept because it states that, on average, the sample proportion \( \hat{p} \) is an unbiased estimator of the population proportion. This means if you take many samples and calculate the sample mean for each, you'll notice it will tend to center around the true population proportion \( p \).
  • The formula for the mean of the sampling distribution of the sample proportion is \( \mu_{\hat{p}} = p \).
  • This concept relies heavily on the Law of Large Numbers, which suggests that as more samples are taken, the sample proportion will converge to the population proportion.
Overall, knowing the mean of the sampling distribution helps in understanding the reliability of a sample proportion as an estimator.
Standard Deviation
In the context of sampling distributions, the standard deviation is crucial because it measures the variability or spread of the sample proportions. When dealing with the standard deviation of the sampling distribution of the sample proportion \( \hat{p} \), it is calculated using the formula:\[ \sigma_{\hat{p}} = \sqrt{ \frac{p(1-p)}{n} } \] where \( p \) is the population proportion and \( n \) is the sample size.

This formula shows that the standard deviation of the sampling distribution decreases as the sample size increases. This means larger samples provide more precise estimates of the population proportion. Here's why this is helpful:
  • If the standard deviation is small, the sample means are closely clustered around the population mean. This implies higher precision.
  • A large standard deviation indicates that the sample means vary widely, suggesting less precision.
Thus, understanding the standard deviation in this context ensures that statisticians can measure how much the sample proportion might differ from the actual population proportion.
Population Proportion
The population proportion is a parameter that symbolizes the fraction of the entire population that exhibits a particular characteristic or trait. It is denoted by \( p \) and serves as a fundamental concept in statistics because it provides a baseline for comparing sample proportions.

For instance, suppose you want to know the proportion of voters who support a particular candidate in an election. The population proportion \( p \) would represent the true proportion of all voters who support that candidate, which we aim to estimate using sample data.
  • The population proportion is unknown in many scenarios and needs to be estimated using the sample proportion \( \hat{p} \).
  • It acts as a key parameter in statistical formulas and assumptions, such as those involving sampling distributions and confidence intervals.
By understanding the concept of the population proportion, statisticians can set meaningful and realistic benchmarks for analyzing sample data, making inferences, and guiding decision-making.

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

A sample of teens A study of the health of teenagers plans to measure the blood cholesterol levels of an SRS of 13 - to 16 -year-olds. The researchers will report the mean \(\bar{x}\) from their sample as an estimate of the mean cholesterol level \(\mu\) in this population. Explain to someone who knows little about statistics what it means to say that \(\bar{x}\) is an unbiased estimator of \(\mu\).

$$More on insurance An insurance company claims that in the entire population of homeowners, the mean annual loss from fire is \(\mu=\$250\) and the standard deviation of the loss is \(\sigma=\$ 1000 .\) The distribution of losses is strongly right-skewed: many policies have \(\$ 0\) loss, but a few have large losses. An auditor examines a random sample of 10,000 of the company's policies. If the company's claim is correct, what's the probability that the average loss from fire in the sample is no greater than \(\$ 275 ?\) Show your work.$$

$$ \begin{array}{lccc} \hline \text { Highest education } & \text { Total population } & \text { In labor force } & \text { Employed } \\ \text { Didn't finish high } & 27,669 & 12,470 & 11,408 \\ \text { school } & & & \\ \begin{array}{c} \text { High school but no } \\ \text { college } \end{array} & 59,860 & 37,834 & 35,857 \\ \begin{array}{c} \text { Less than bachelor's } \\ \text { degree } \end{array} & 47,556 & 34,439 & 32,977 \\ \text { College graduate } & 51,582 & 40,390 & 39,293 \\ \hline \end{array} $$ Unemployment (1.1) Find the unemployment rate for people with each level of education. How does the unemployment rate change with education?

Sharing music online (5.2) A sample survey reports that \(29 \%\) of Internet users download music files online, \(21 \%\) share music files from their computers, and \(12 \%\) both download and share music. \({ }^{5}\) Make a Venn diagram that displays this information. What percent of Internet users neither download nor share music files?

What does the CLT say? Asked what the central limit theorem says, a student replies, "As you take larger and larger samples from a population, the histogram of the sample values looks more and more Normal." Is the student right? Explain your answer.

See all solutions

Recommended explanations on Math Textbooks

View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.