The following data represent the responses

The following data represent the responses (Y for yes and N for no) from a sample of 40 college students to the question “Do you currently own shares in any stocks?”

26 said No
14 said Yes

A) Determine the sample proportion, p, of college students who own shares of stock.
B) If the population proportion is 0.30, determine the standard error of the proportion.

 

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