Answer:
The probability [tex]P(\^ p > 0.80) = 0.99957[/tex]
Step-by-step explanation:
From the question we are told that
The population proportion is p = 0.90
The sample size is n = 30
Generally mean of the sampling distribution is [tex]\mu_{\= x } = p = 0.90[/tex]
Generally the standard deviation is mathematically represented as
[tex]\sigma = \sqrt{\frac{p( -p )}{n} }[/tex]
=> [tex]\sigma = \sqrt{\frac{0.90( 1 -0.90 )}{100} }[/tex]
=> [tex]\sigma = 0.03[/tex]
Generally the he probability that the proportion surviving for at least five years will exceed 80%, rounded to 5 decimal places is mathematically represented as
[tex]P(\^ p > 0.80) = P(\frac{ \^ p - p }{ \sigma } > \frac{0.80 - 0.90}{0.03} )[/tex]
Generally [tex]\frac{\^p - p}{\sigma} = Z(The standardized \ value \ of \^ p)[/tex]
So
[tex]P(\^ p > 0.80) = P(Z > -3.33 )[/tex]
From the z-table [tex]P(Z > -3.33 ) = 0.99957[/tex]
So
[tex]P(\^ p > 0.80) = 0.99957[/tex]