Using the normal distribution, it is found that there is a 0.3156 = 31.56% probability that the sample proportion will be less than 14%.
The z-score of a measure X of a normally distributed variable with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex] is given by:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
The proportion and the sample size are given, respectively, by:
p = 0.15, n = 294
Hence the mean and the standard error are given, respectively, by:
The probability is the p-value of Z when X = 0.14, hence:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
By the Central Limit Theorem:
[tex]Z = \frac{X - \mu}{s}[/tex]
[tex]Z = \frac{0.14 - 0.15}{0.0208}[/tex]
Z = -0.48
Z = -0.48 has a p-value of 0.3156.
0.3156 = 31.56% probability that the sample proportion will be less than 14%.
More can be learned about the normal distribution at https://brainly.com/question/4079902
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