The Use of the Standard Normal Distribution for Constructing Confidence

question 143

Multiple Choice

The use of the standard normal distribution for constructing confidence interval estimate for the population proportion p requires:

• A) nand n(1 -)both greater than 5.
• B) np and n(1 - p)both greater than 5.
• C) n(1 +)and n(1 -)both greater than 5.
• D) sample size greater than 5.

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Definitions:

Total Utility

The total satisfaction received from consuming a certain amount of goods or services.

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A popular snack consisting of a hot dog coated in a thick layer of cornmeal batter and deep-fried.

Marginal Utility

The additonal satisfaction or utility that a person receives from consuming an additional unit of a good or service.

Total Utility

The total satisfaction or benefit gained from consuming a particular quantity of goods and services.