According to a study conducted in one city, 32% of adults in the city have credit card debts of more than $2000. A simple random sample of n = 150 adults is obtained from the city. Describe the sampling distribution of ^p, the sample proportion of adults who have credit card debts of more than $2000. A) Binomial; ?p = 48, ?p = 5.71                                       B) Approximately normal; ?p = 0.32, ?p = 0.0015 C) Exactly normal; ?p = 0.32, ?p = 0.038                       D) Approximately normal; ?p = 0.32, ?p = 0.038

  
According to a study conducted in one city, 32% of adults in the city have credit card debts of more than $2000. A simple random sample of n = 150 adults is obtained from the city. Describe the sampling distribution of ^p, the sample proportion of adults who have credit card debts of more than $2000.
A) Binomial; ?p = 48, ?p = 5.71                                       B) Approximately normal; ?p = 0.32, ?p = 0.0015
C) Exactly normal; ?p = 0.32, ?p = 0.038                       D) Approximately normal; ?p = 0.32, ?p = 0.038