answer the following in your own words respond to each of the following in a minimum of 175 words it will be ran thru a plagiarism checker thanks 10

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Answer the following IN YOUR OWN WORDS. Respond to each of the following in a minimum of 175 words. It will be ran thru a plagiarism checker, thanks.

1. Assuming that p equals .60 and the sample size is 1,000, what is the probability of observing a sample proportion that is at least .64?

2. Based on your answer in part a, do you think more than 60 percent of all U.S. households in the income class bought life insurance last year? Explain.

3. Why do you fell the other 40% on people non-insured wish not to have life insurance?