The Mean of the Sampling Distribution of the Sample Proportion

question 15

Multiple Choice

The mean of the sampling distribution of the sample proportion is equal to ________ when the sample size is sufficiently large.

• A) μ
• B) p
• C) p × n
• D) (1 − p)

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Definitions:

Market

The arena in which buyers and sellers come together to trade goods, services, or financial instruments, establishing prices through supply and demand.

Usury Law

Legislation that sets the maximum interest rate that can be charged on loans, to prevent lenders from imposing excessively high rates.

Market Rate

The prevailing interest rate available in the market for loans or the rate at which other financial instruments are priced, often influenced by the supply and demand for money.

Shortage

A situation where the demand for a product or service exceeds the available supply.