Which of the Following Best Describes the Form of the Sampling

question 4

Multiple Choice

Which of the following best describes the form of the sampling distribution of the sample proportion?

• A) When standardized, it is exactly the standard normal distribution.
• B) When standardized, it is the t distribution.
• C) It is approximately normal as long as n \(\geq\) 30.
• D) It is approximately normal as long as np \(\geq\) 5 and n(1 - p) \(\geq\) 5.

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Definitions:

Supply Of Farm Products

The total quantity of agricultural goods that producers are willing and able to sell at various prices during a certain time period.

Demand

The total amount of goods and services that consumers are willing and able to purchase at various price levels, at a given moment in time.

Farm Incomes

The earnings obtained from agricultural activities, reflecting the financial health and productivity of farms.

Proportionate Increases

Situations where variables increase by the same percentage, maintaining their relative proportion to one another.