Question Help According to a study conducted in one city. 37% of adults in the c

Question

Question Help According to a study conducted in one city. 37% of adults in the city have credit card debts o more than S2000 A s pe ra om sample na 50 a u s is obtained from the city. Describe the sampling distribution of p, the sample proportion of adults who have credit card debts of more than $2000. Round to three decimal places when necessary O A. Approximately normal p-0370p :0022 O B. Approximately normal; p 0.37, op 0.000 OC. Binomial.Mp-185.@p-10.796 0 D. Exactly normal, p-0.37, p-0022 Click to select your answer

Explanation / Answer

a) mean = 0.37
sd = sqrt(pq/n) = sqrt(.37 * 0.63 /500) = 0.0215916
option A) is correct

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