Send money, again The philanthropic organization in Exercise 1 expects about a 5%
Chapter 17, Problem 7(choose chapter or problem)
Send money, again The philanthropic organization in Exercise 1 expects about a 5% success rate when they send fundraising letters to the people on their mailing list. In Exercise 1 you looked at the histograms showing distributions of sample proportions from 1000 simulated mailings for samples of size 20, 50, 100, and 200. The sample statistics from each simulation were as follows: a) According to the Central Limit Theorem, what should the theoretical mean and standard deviations be for these sample sizes? b) How close are those theoretical values to what was observed in these simulations? c) Looking at the histograms in Exercise 1, at what sample size would you be comfortable using the Normal model as an approximation for the sampling distribution? d) What does the Success/Failure Condition say about the choice you made in part c?
Unfortunately, we don't have that question answered yet. But you can get it answered in just 5 hours by Logging in or Becoming a subscriber.
Becoming a subscriber
Or look for another answer