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According to a survey in a country 27% of adults do not own a credit card suppose a simple random sample of 800 adults is obtained . Describe the sampling distribution of P hat , the sample proportion of adults who do not own a credit card

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Answer to a math question According to a survey in a country 27% of adults do not own a credit card suppose a simple random sample of 800 adults is obtained . Describe the sampling distribution of P hat , the sample proportion of adults who do not own a credit card

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Murray
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here n = 800 p = 0.27 sampling distribution p^ = 0.27 standard deviation = \sqrt{\frac{0.27\cdot\left(1-0.27\right)}{800}}=0.015696

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