A Food Marketing Institute found that 28% of households

Last updated: 7/28/2022

A Food Marketing Institute found that 28% of households spend more than $125 a week on groceries. Assume the population proportion is 0.28 and a simple random sample of 193 households is selected from the population. What is the probability that the sample proportion of households spending more than $125 a week is less than 0.25? There is a probability that the sample proportion of households spending more than $125 a week is less than 0.25. Round the answer to 4 decimal places.