In a Local University, 10% of the Students Live in the Dormitories

question 102

Short Answer

In a local university, 10% of the students live in the dormitories. A random sample of 100 students is selected for a particular study.
a.What is the probability that the sample proportion of students living in the dormitories is between 0.172 and 0.178?
b.What is the probability that the sample proportion of students living in the dormitories is greater than 0.025?

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Definitions:

Anticipatory Breach

An advance determination that a party will not perform his or her part of a contract when the time for performance arrives.

Re-zone

Changing the zoning classification of a particular area to permit new uses or activities that were previously not allowed.

Misrepresentation

A false statement or deception made by one party that induces another to enter into a contract or agreement.

Market Price

The current price at which an asset or service can be bought or sold in a marketplace.