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Describe the Sampling Distribution of a Sample Proportion
-A Simple n=450\mathrm { n } = 450

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Describe the Sampling Distribution of a Sample Proportion
-A simple random sample of size n=450\mathrm { n } = 450 is obtained from a population whose size is N=13,000\mathrm { N } = 13,000 and whose population proportion with a specified characteristic is p=0.2\mathrm { p } = 0.2 . Describe the sampling distribution of p^\hat { p } .


Definitions:

Personal Property

Movable assets owned by an individual or an entity, such as vehicles, furniture, and equipment, in contrast to real property like land or buildings.

Abatement

A reduction or decrease, often referred to in the context of taxes, rent, or legal penalties.

Bequests

Bequests are gifts of money or personal property left to a beneficiary through a will or estate plan.

Adequate

Sufficient to satisfy a requirement or meet a need.

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