Answer:
The sample proportion [tex]\hat{p}[/tex] is within 0.03 of the true proportion of customers who are under age 21 is 0.803
Step-by-step explanation:
Total no. of customers = n = 400
We are given that the true population proportion of customers under age 21 is 0.68.
So, p =0.68
q=1-p=1-0.68=0.32
Standard deviation =[tex]\sqrt{\frac{pq}{n}}=\sqrt{\frac{0.68 \times 0.32}{400}}= 0.023[/tex]
We are supposed to find the probability that the sample proportion [tex]\hat{p}[/tex] is within 0.03 of the true proportion of customers who are under age 21 that is , what is the probability that [tex]\hat{p}[/tex]is between 0.68 - 0.03 and 0.68+ 0.03
[tex]P(0.65 < X < 0.71) = P((\frac{0.65-0.68}{0.0233}) < Z < (\frac{0.71-0.68}{0.0233}))[/tex]
Using Z table
[tex]= P(-1.2875 < Z < 1.2875)= 0.803[/tex]
Hence the sample proportion [tex]\hat{p}[/tex] is within 0.03 of the true proportion of customers who are under age 21 is 0.803