The proportion of individuals who lost their job during the Covid-19 pandemic in the United States was 9% (0.09). If a sample of 75 individuals in the workforce was taken at the same time, what is the probability the proportion of those who lost their job will be 8% (0.08) or less?
What is the standard deviation of the sampling distribution for this problem?
a) 0.0330
b) 0.3402
c) 0.0109
d) 0.2003
The proportion of individuals who lost their job during the Covid-19 pandemic in the United States was 9% (0.09). If a sample of 75 individuals in the workforce was taken at the same time, what is the probability the proportion of those who lost their job will be 8% (0.08) or less?
What is the Z-score for this problem?
a) 0.8922
b) 0.3030
c) 0.1409
d) 1.28