Which of the Following Best Describes the Form of the Sampling

question 109

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.

---

Definitions:

Identified Goods

Goods explicitly designated or specified in a contract of sale, which sets them apart from other goods that may be part of a broader category.

UCC

The Uniform Commercial Code is an extensive collection of statutes that regulates commercial dealings in the United States, covering areas such as sales, negotiable instruments, and secured transactions.

Risk

A potential loss.

Perfect Tender Rule

This rule allows buyers to reject goods that do not precisely meet the quality, quantity, and delivery terms specified in the contract.