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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 399 Weeks Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
The cost of brand-name prescriptions are set to provide support for research and development of these drugs, which may cover as many as 20 years. Nonetheless, a majority of Americans say that costs of prescription drugs (66%), hospital costs (64%), and doctors visits (55%) are unreasonably high.11 Suppose that you take a random sample of n 1000 adults. Let ˆp be the proportion of adults who say that prescription drugs are unreasonably high. a. What is the exact distribution of ˆp? How can you approximate the distribution of ˆp? b. What is the probability that ˆp exceeds .68? c. What is the probability that ˆp lies between .64 and .68? d. Would a sample percentage of 70% contradict the
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