3. A recent news article stated that only 17% of college students between the ages of 18 to 24 years old voted in the last presidential election. Assuming the voting rate stays the same, what is the probability that from a random sample of 500 college students from a local university, at least 20% will vote in the next presidential election

3.67% probability that from a random sample of 500 college students from a local university, at least 20% will vote in the next presidential election

Step-by-step explanation:

I am going to use the binomial approximation to the normal to solve this question.

Binomial probability distribution

Probability of exactly x sucesses on n repeated trials, with p probability.

Can be approximated to a normal distribution, using the expected value and the standard deviation.

The expected value of the binomial distribution is:

The standard deviation of the binomial distribution is:

Normal probability distribution

Problems of normally distributed samples can be solved using the z-score formula.

In a set with mean and standard deviation , the zscore of a measure X is given by:

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

When we are approximating a binomial distribution to a normal one, we have that , .

In this problem, we have that:

.

So

Assuming the voting rate stays the same, what is the probability that from a random sample of 500 college students from a local university, at least 20% will vote in the next presidential election

This is 1 subtracted by the pvalue of Z when X = 500*0.2 = 100. So

has a pvalue of 0.9633

1 - 0.9633 = 0.0367

3.67% probability that from a random sample of 500 college students from a local university, at least 20% will vote in the next presidential election

tangent

step-by-step explanation:

false

step-by-step explanation: