[Steps Shown] A Gallup survey is March 2005 indicated that 75% of 18 to 29 year olds would prefer to start their own business rather than work for someone
Question: A Gallup survey is March 2005 indicated that 75% of 18 to 29 year olds would prefer to start their own business rather than work for someone else. Suppose a random sample of 600 18 to 29 year olds is obtained.
- Describe the sampling distribution of p, the sample of 18 to 29 year olds who would prefer to start their own business.
- In a random sample of 18 to 29 year olds, what is the probability that no more than 70% would prefer to start their own business.
- Would it be unusual if a random sample of 18 to 29 year olds resulted in 475 or more who would prefer to start their own business?
Deliverable: Word Document 
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(See) Determine if the following situation represent a binomial
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The Graph of a Function - MathCracker.com