A Sample of 400 Observations Will Be Taken from a Process

question 33

Multiple Choice

A sample of 400 observations will be taken from a process (an infinite population) . The population proportion equals .8. The probability that the sample proportion will be greater than 0.83 is _____.

• A) .4332
• B) .9332
• C) .0668
• D) .5668

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Definitions:

Contract

A legally binding agreement between two or more parties that outlines rights and duties towards one another.

Voidable

A legal term describing a transaction or agreement that may be annulled or voided at the discretion of one party.

Good Faith Purchaser

A purchaser who buys without notice of any circumstance that would put a person of ordinary prudence on inquiry as to whether the seller has valid title to the goods being sold.

Title

Legal documentation that provides evidence of a person's ownership rights over property or assets.