According to a study conducted in one​ city, 25​% of adults in the city have credit card debts of

Question:

According to a study conducted in one​ city, 25​% of adults in the city have credit card debts of more than​ $2000. A simple random sample of n equals 150 adults is obtained from the city. Describe the sampling distribution of ModifyingAbove p with caret​, the sample proportion of adults who have credit card debts of more than​$2000. Round to three decimal places when necessary.

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