A Sample of 25 Observations Is Taken from a Process $\bar { p }$

question 24

Multiple Choice

A sample of 25 observations is taken from a process (an infinite population) . The sampling distribution of $\bar { p }$ is _____.

• A) not normal since n < 30
• B) approximately normal because \(\bar { p }\) is always normally distributed
• C) approximately normal if np ? 5 and n(1 - p) ? 5
• D) approximately normal if np > 30 and n(1 - p) > 30

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Definitions:

Notes Receivable

Financial assets representing amounts owed to a company by debtors, typically evidenced by formal instruments with specified payment terms.

Factoring Fee

A charge assessed for the service of factoring, where a business sells its receivables to a third party at a discount.

Accounts Receivable

The money owed to a business by its customers for goods or services delivered or used but not yet paid for, considered a current asset on the balance sheet.

Promissory Note

A Promissory Note is a financial instrument wherein one party promises in writing to pay a determinate sum of money to another, either at a fixed or determinable future time.