The Use of the Normal Probability Distribution as an Approximation $\bar { p }$

question 69

Multiple Choice

The use of the normal probability distribution as an approximation of the sampling distribution of $\bar { p }$ is based on the condition that both np and n(1 - p) equal or exceed?

• A) .05.
• B) 5.
• C) 10.
• D) 30.

---

Definitions:

Manufacturing Overhead

encompasses all manufacturing costs that are not directly associated with the cost of raw materials or direct labor, including rent, utilities, and salaries of managers.

Cost of Goods Sold

The explicit expenses linked to manufacturing the products a business sells, including costs for materials and labor.

Balance Sheet

A document detailing a business's assets, liabilities, and equity of shareholders at a particular moment, offering an overview of its financial health.

Spreadsheet

A digital document where data is arranged in rows and columns, commonly used for calculations and data analysis.