A Food Marketing Institute found that 27% of households spend more than $125 a week on groceries. Assume the population proportion is 0.27 and a simple random sample of 259 households is selected from...


A Food Marketing Institute found that 27% of households spend more than $125 a week on groceries. Assume<br>the population proportion is 0.27 and a simple random sample of 259 households is selected from the<br>population. What is the probability that the sample proportion of households spending more than $125 a<br>week is less than 0.3?<br>There is a<br>probability that the sample proportion of households spending more than $125 a<br>week is less than 0.3. Round the answer to 4 decimal places.<br>

Extracted text: A Food Marketing Institute found that 27% of households spend more than $125 a week on groceries. Assume the population proportion is 0.27 and a simple random sample of 259 households is selected from the population. What is the probability that the sample proportion of households spending more than $125 a week is less than 0.3? There is a probability that the sample proportion of households spending more than $125 a week is less than 0.3. Round the answer to 4 decimal places.

Jun 03, 2022
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