Which of the Following Best Describes the Form of the Sampling

question 20

Multiple Choice

Which of the following best describes the form of the sampling distribution of the sample proportion?

• A) When standardized, it is exactly the standard normal distribution.
• B) When standardized, it is the t distribution.
• C) It is approximately normal as long as n 30.
• D) It is approximately normal as long as np 5 and n(1 - p) 5.

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Definitions:

Warranty Obligations

Liabilities representing a company's responsibility to repair or replace products that fail to meet specified standards of performance.

Quarterly Entries

Financial records or transactions that are recorded or updated every three months within a fiscal year.

Quick Ratio

A financial indicator that measures a company’s ability to cover its current liabilities without relying on the sale of inventory.

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle of a business.