A survey from December 2007 indicated which very few Americans planned to refinance their homes throughout 2008. But, 42% said they intended to reduce (pay down) their level of debt. A random sample of 225 Americans was obtained and they were all asked if they planned to reduce their level of debt.
1. The probability that sample proportion of Americans who intend to reduce their debt is less than 0.40 is _(Answer 1)_.