Exhibit 22-4 Simple Random Sampling Has Been Used to Obtain a Sample

question 2

Multiple Choice

Exhibit 22-4
Simple random sampling has been used to obtain a sample of size 50 from a population of size 500. The sample proportion was 0.7.
-Refer to Exhibit 22-4. The estimate of the standard error of proportion is

• A)0.210
• B)0.700
• C)0.300
• D)0.062

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Definitions:

Prepaying Bonds

The action of repaying the principal of a bond before its maturity date, often as a way to manage debt or save on interest costs.

Outstanding Bonds

Bonds issued by an entity that are currently not redeemed and are in the hands of investors.

Semiannual Interest

Interest that is calculated and paid twice a year on investments or loans.

Par Value

The nominal or face value of a stock or bond, which is the amount stated on the certificate or instrument.