College Statistics Question?

Posted on 2016-03-15 18:24:00 in Statistics by LENDER

Lori Jeffrey is successful sales representative for a major publisher of college textbooks. Historically, Lori obtains a book adoption on 25 percent of her sales calls. Viewing her sales calls for one month as a sample of all possible sales calls, assume that a statistical analysis of the data yields a standard error of the proportion of 0.0625. 
a) How large was the sample used in this analysis? That is, how many sales calls did Lori make during the month? 
b) Let pÌ‚ indicate the sample proportion of book adoptions obtained during the month. Show the sampling distribution of pÌ‚. 
c) Using the sampling distribution of pÌ‚, compute the probability that Lori will obtain book adoptions on 30 percent or more of her sales calls during a one-month period. 

Answers: 
a) 48 
b) Normal with E(pÌ‚) = 0.25 and σpÌ‚ = 0.0625 
c) 0.2119

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