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Probability: A market research firm conducts telephone surveys with a 40% historic response rate

A market research firm conducts telephone surveys with a 40% historic response rate. What is the probability that in a new sample of 400 telephone numbers, at least 150 individuals will cooperate and respond to the questions? In other words, what is the probability that the sample proportion will be at least 150/400=.375

Solution Preview

p = 40% = 0.4, q = 1 - p = 0.6, n = 400, x = 150

mu = np = ...

Solution Summary

A complete, neat and step-by-step solution is provided using basic formula and calculations to calculate probability.

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