A Sample of Size 200 Is Taken at Random from an Infinite

question 8

Multiple Choice

A sample of size 200 is taken at random from an infinite population.Given that the population proportion is 0.60,the probability that the sample proportion is less than 0.58 is

• A)0.281
• B)0.719
• C)0.580
• D)0.762

---

Definitions:

Electronic Data Interchange (EDI)

The electronic transfer of business information using a standardized format, allowing different systems to communicate directly with each other.

Process Cycle Time

measures the total time taken to complete a business process from start to finish, indicating process efficiency.

Large Amounts

Refers to significantly higher quantities or volumes of items, resources, or data, often requiring special management or consideration.

Blanket Purchase Orders

Agreements that allow buyers to negotiate with suppliers for multiple deliveries over a period of time, rather than individual orders.