Simple Random Sampling Has Been Used to Obtain a Sample

question 19

Multiple Choice

Simple random sampling has been used to obtain a sample of size 60 from a population of size 500. The sample proportion was 0.7. The estimate of the standard error of proportion is

• A) 0.210
• B) 0.068
• C) 0.300
• D) 0.056

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Definitions:

Economic Value

The calculation of the advantage that a product or service offers to an economic participant.

Rate Of Return

The outcome of an investment, showing profit or loss across a chosen span, and presented as a percentage of the initial investment amount.

Scheduled Payments

Regularly planned payments, often made on a monthly or annual basis, towards settling a debt or obligation.

Equivalent Payments

Payments of equal value adjusted for timing or conditions to make them comparable.