Answer: Probability that the proportion of students who graduated is greater than 0.743 is P = 0.4755
Step-by-step explanation:
Given that,
Probability of freshmen entering public high schools in 2006 graduated with their class in 2010, p = 0.74
Random sample of freshman, n = 81
Utilizing central limit theorem,
[tex]P(\hat{p}<p) = P(Z<\hat{p} - \frac{p}{\sqrt{\frac{p(1-p)}{n} } } )[/tex]
So,
[tex](P(\hat{p}>0.743) = P(Z>0.743 - \frac{0.74}{\sqrt{\frac{0.74(1-0.74)}{81} } } )[/tex]
= P( Z > 0.0616)
= 0.4755 ⇒ probability that the proportion of students who graduated is greater than 0.743.