Random Samples of Size 525 Are Taken from a Process

question 65

Multiple Choice

Random samples of size 525 are taken from a process (an infinite population) whose population proportion is .3. The standard deviation of the sample proportions (i.e., the standard error of the proportion) is _____.

• A) .0004
• B) .2100
• C) .3000
• D) .0200

---

Definitions:

Barbie Doll

A popular brand of fashion doll introduced by Mattel, Inc. in 1959.

Efficient Markets

These are markets where prices fully reflect all available information, making it impossible to consistently achieve higher returns than the market average.

Opportunity Cost

Overlooking possible gains from other alternatives by dedicating to one path.

Information

A collection of data that is processed, organized, and interpreted to provide value and understanding to the recipient.