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The following data represent the responses (Y for Yes and N for No) from a sampl

ID: 3208915 • Letter: T

Question

The following data represent the responses (Y for Yes and N for No) from a sample of 40 college students to the question “Do you currently own shares in any stocks?”

N              N               Y                N               N               Y                N               Y                N               Y                N               N               Y                N Y Y                N               N               N                  Y                N               Y                N               N N               N               Y                N               N               Y                Y                N               N               N               Y                N               N               Y                  N               N

Determine the sample proportion, p, of college students who own shares of stocks.

Explanation / Answer

total students = 40

total students who own shares of stocks = 14

sample proportion, p = 14 / 40 = 0.35 (ans)

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