Random Samples of Size 100 Are Taken from a Process

question 49

Multiple Choice

Random samples of size 100 are taken from a process (an infinite population) whose population proportion is .2. The mean and standard deviation of the distribution of sample proportions are _____.

• A) .2 and .04
• B) .2 and .2
• C) 20 and .04
• D) None of the alternative answers is correct.

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Definitions:

Cash Disbursement Transactions

Financial activities involving the payment of cash from a business to vendors, employees, or other entities.

Authorized

Refers to having official permission or approval, often in the context of legal or financial operations that have been ratified or sanctioned by a governing body or higher authority.

Bank Service Charge

Fees charged by a bank for the maintenance of an account and for providing various banking services.