According to a Study Conducted in One City $39 \%$ Of Adults in the City Have Credit Card Debts of Of Adults

question 7

Multiple Choice

According to a study conducted in one city, $39 \%$ of adults in the city have credit card debts of more than $\$ 2000$ . A simple random sample of $n = 100$ adults is obtained from the city. Describe the sampling distribution of $p$ , the sample proportion of adults who have credit card debts of more than $\$ 2000$ .

• A) Approximately normal; \(\mu _ { \mathrm { p } } = 0.39 , \sigma _ { \mathrm { p } } = 0.049\)
• B) Exactly normal; \(\mu _ { p } = 0.39 , \sigma p = 0.049\)
• C) Approximately normal; \(\mu _ { \mathrm { p } } = 0.39 , \sigma _ { \mathrm { p } } = 0.0024\)
• D) Binomial; \(\mu _ { \mathrm { p } } = 39 , \sigma _ { \mathrm { p } } = 4.88\) 2 Compute probabilities of a sample proportion.

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Definitions:

Group Dynamics

The patterns of interaction and relationships that influence the behavior and effectiveness of a group.

External Perspective

Viewing an organization or situation from the outside to gain an unbiased understanding or to assess impacts that come from external sources.

Individual

A single, separate organism or entity, often referenced in the context of discussing human beings and their unique characteristics.

Behavior

The range of actions and mannerisms made by individuals, groups, or systems, in conjunction with themselves or their environment, which includes the other systems or organisms around as well as the physical environment.