Credit card debts


According to study conducted in one city, 26% of adults in the city have credit card debts of more than $2000. A simple random sample of n=500 adults is obtained from the city. Describe the sampling distribution of p^, the sample proportion of adults who have credit cards debts of more than $2000. Round to three decimal places when necessary.

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Basic Statistics: Credit card debts
Reference No:- TGS0871050

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