Completely Describe the Distribution of the Sample Proportion for Samples

question 5

Short Answer

Completely describe the distribution of the sample proportion for samples of size n = 500 from a population with p = 0.4.
Is the sampling distribution of the sample proportion approximately normal?
______________
What is the mean?
______________
What is the standard deviation?
______________

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Definitions:

PHStat

An Excel add-in program that enhances the statistical analysis capabilities of Microsoft Excel, often used for educational purposes or in decision-making processes.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the individual values in a dataset deviate from the mean.

Covariance

A measure of the degree to which two variables change together, indicating the direction of their linear relationship.

Crystal Ball

Metaphorically, a tool or method used to predict future events or outcomes, often based on analysis or expert knowledge.