According to the World Bank, in the year 2000 approximately 35% of all people in India spent less than $1 per day. Suppose you repeatedly take random samples of 100 Indians and record the number who spent less than $1 per day. What are the approximate mean and standard deviation of this distribution? (Source World Bank 2006.)
a) mcan 0.35, standard deviation 0.2275
b) mean 35, standard deviation 0.2275
c) mean 35, standard deviation 0.4770
d) mean 35, standard deviation 4.7697
e) mean 35, standard deviation 22.75