A videocassette rental store wants to know what proportion of its stock should include the Beta format VCR.A random sample of the owners of VCRs is suggested.Five hundred VCR owners are asked if they own the Beta or VHS format.Out of 500 interviewed,125 were owners of the Beta format.Presume that the true population proportion of Beta format VCRs is $\pi$
= 0.32.What is the probability that the sample proportion p will be within 0.04 of the true proportion of Beta format ownership?

Question

A videocassette rental store wants to know what proportion of its stock should include the Beta format VCR.A random sample of the owners of VCRs is suggested.Five hundred VCR owners are asked if they own the Beta or VHS format.Out of 500 interviewed,125 were owners of the Beta format.Presume that the true population proportion of Beta format VCRs is $\pi$
 = 0.32.What is the probability that the sample proportion p will be within 0.04 of the true proportion of Beta format ownership?

Quizplus · Accepted Answer

The Answer of A videocassette rental store wants to know what proportion of its stock should include the Beta format VCR.A random sample of the owners of VCRs is suggested.Five hundred VCR owners are asked if they own the Beta or VHS format.Out of 500 interviewed,125 were owners of the Beta format.Presume that the true population proportion of Beta format VCRs is $\pi$
 = 0.32.What is the probability that the sample proportion p will be within 0.04 of the true proportion of Beta format ownership?

A Videocassette Rental Store Wants to Know What Proportion of Its