Answer :
The probability that more than half the households sampled will own a DVD recorder is: 21.1%
How to find the p-value of proportions?
We are given;
Population proportion; p = 46% = 0.46
Sample size; n = 100
Sample proportion; p^ = 50% = 0.5
Now, the formula for z-score for proportions is;
z = (p^ - p)/√(p(1 - p)/n)
Plugging in the relevant values gives us;
z = (0.5 - 0.46)/√(0.46(1 - 0.46)/100)
z = (0.5 - 0.46)/√((0.46 * 0.54)/100)
z = 0.803
We want to find the probability that more than half the households sampled will own a DVD recorder. This is expressed as;
P(Z > 0.803) = 0.211 = 21.1%
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