According to a study conducted in one city, 34% of adults in the city have credit card debts of more than $2000. A simple random sample of adults is obtained from the city. Describe the sampling distribution of
, the sample proportion of adults who have credit card debts of more than $2000.
A) Exactly normal; = 0.34,
= 0.027
B) Approximately normal; = 0.34,
= 0.0007
C) Binomial; = 102,
= 8.20
D) Approximately normal; = 0.34,
= 0.027
Correct Answer:
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