According to recent research, 41% of Americans have less than $375 in the bank for an emergency. Let p be the proportion of

Question

According to recent research, 41% of Americans have less than $375 in the bank for an emergency. Let p be the proportion of people who have less than $375 in the bank for an emergency in a random sample of 86 Americans. Determine the probability that the proportion of people in a random sample of 86 Americans who have less than $375 in the bank for an emergency is within 7% of the population proportion. Round the solution to four decimal places. P(p within 7% of the population proportion) Determine the probability that the proportion of people in a random sample of 86 Americans who have less than $375 in the bank for an emergency is less than the population proportion by 9% or more. Round the solution to four decimal places. P(p less than the population proportion by 9% or more) : =

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