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:

Promissory Estoppel

A legal principle that prevents a promisor from retracting a promise which the promisee has relied upon to their detriment, in the absence of a formal contract.

Unilateral Contract

An agreement in which one party makes a promise, but the other party is not required to respond with a promise in return; performance is the only acceptance needed.

Invitation Seeking Offers

An invitation to negotiate or an invitation to the public to make an offer, which is a common practice in contract law, particularly in the context of tenders.

Valid Acceptance

An agreement to the terms of an offer in a manner required by the contract, resulting in a binding contract between the parties.