Suppose there is a box of 100,000 tickets each marked as 0 or 1
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Suppose there is a box of 100,000 tickets each marked as 0 or 1

3. Suppose there is a box of 100,000 tickets each marked as 0 or 1. Suppose that in fact, 20% of the tickets in the box are 1’s. Calculate the standard error for the percentage of 1’s in 400 draws from the box.

Hint
StatisticsPercentages. The use of percentages to express statistics is one of the most popular. The word "percent" simply refers to "per hundred," and the sign for percentage is %. By multiplying the total or whole number by 100, one percent (or 1%) is equal to one hundredth of the whole or whole....

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