Which of the Following Is a Required Condition for Using $n _ { 1 } p _ { 1 } > 30$

question 84

Multiple Choice

Which of the following is a required condition for using the normal approximation to the binomial in constructing interval estimate for the difference between two population proportions?

• A) \(n _ { 1 } p _ { 1 } > 30\) and \(n _ { 2 } p _ { 2 } > 30\) .
• B) \(n _ { 1 } p _ { 1 } > 5\) and \(n _ { 2 } p _ { 2 } > 5\) .
• C) and .
• D) \(n _ { 1 } p _ { 1 } > 5,\) \(n _ { 1 } q _ { 1 } > 5,\) \(n _ { 2 } p _ { 2 } > 5,\) and \(n _ { 2 } q _ { 2 } > 5\) .

Identify the characteristics and implications of market systems versus command economies.

Understand the significance of money in facilitating trade and the concept of coincidence of wants.

Grasp the concept and significance of the circular flow model in understanding economic activities.

Identify the distinguishing features and advantages of different business structures, including corporations.

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Definitions:

Algebra

A branch of mathematics that deals with symbols and the rules for manipulating these symbols, representing quantities and expressing mathematical relationships.

Marginal Utility

The added satisfaction a consumer gains from consuming an additional unit of a good or service.

Maximizing Utility

The economic principle that individuals seek to obtain the highest level of satisfaction or benefit from their actions and choices.

Ounce of Gold

A unit of measure for weighing gold, where one ounce is equivalent to approximately 28.35 grams.