From a Population of Size 500, a Random Sample of 50

question 103

Multiple Choice

From a population of size 500, a random sample of 50 items is selected. The mode of the sample

• A) must be 500.
• B) must be equal to the mode of population, if the sample is truly random.
• C) must be equal to the mean of the population, if the sample is truly random.
• D) can be larger, smaller or equal to the mode of the population.

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Definitions:

Cash Receipts

The collection of money, including coins, currency, checks, and electronic transfers, received by a business or organization.

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The possibility that a debtor will fail to fulfill their financial liabilities as agreed upon.

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The process undertaken by lenders to determine whether to make funds available to borrowers under certain terms.