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A sample of 2,000 people yielded P(hat) = .52. What is the variance of the population proportion?

a. .0056
b. .0161
c. .0112
d. .00012

1 Answer

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Answer:

d. .00012 or 0.00012

Explanation:

The variance of the population proportion formula is given as:

p(1 - p)/n

Where n = sample size

p = population proportion or p(hat)

n = 2000 people

p = 0.52

Variance of the population proportion = 0.52(1 - 0.52)/ 2000

= 0.52 × 0.48 /2000

= 0.2496 /2000

= 0.0001248

Therefore the Variance of the population proportion is approximately = 0.00012

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