After Taking a Random Start Between 1 and 20 and Then

question 24

Multiple Choice

After taking a random start between 1 and 20 and then taking every 20th element from the sampling frame,Smith learned that 40% of the sample believed the company's president was doing a good job.The calculated standard error was 3 percent.This means that:

• A)between 37% and 43% of the employees believe the president is doing a good job.
• B)you are 95% certain that between 37% and 43% of the employees believe the president is doing a good job.
• C)you are 68% certain that between 37% and 43% of the employees believe the president is doing a good job.
• D)you are 99% certain that between 37% and 43% of the employees believe the president is doing a good job.
• E)none of these choices are correct.

---

Definitions:

Crown Property

Assets owned by the monarch or government of a realm, particularly in commonwealth countries, often including lands, buildings, and heritage assets.

Statement Of Financial Position

A financial statement that shows the assets, liabilities, and equity of a company at a specific point in time, providing a snapshot of its financial condition.

Fair Market Value

The price that an asset would sell for on the open market, under current market conditions, between willing and knowledgeable parties.

Accumulated Deficit

Accumulated deficit is a negative balance in retained earnings, indicating that a company's losses have exceeded its profits over time.