Answer:
Step-by-step explanation:
It is known that the mean and standard deviation of the sampling distribution of the sample proportion() are represented as follows:-
, where p= Population proportion and n = sample size.
Let p denote the proportion of blue chips.
According to the information provided, we have
p= 0.275
n= 5
Thus, the mean and standard deviation of the sampling distribution of the sample proportion of blue chips for samples of size 5 will be:
Therefore, you will have the mean and standard deviation for the sample proportion of blue chips for samples of size 5: