A Sample of Size 300 Is to Be Taken at Random

question 41

Short Answer

A sample of size 300 is to be taken at random from an infinite population. Given that the population proportion is 0.70, the probability that the sample proportion will be smaller than 0.75 is: $\begin{array}{|l|l|}\hline\text { A. } & 0.9706 . \\\hline \text { B. } & 0.4772 . \\\hline \text { C. } & 0.4706 . \\\hline \text { D. } & 0.9772 . \\\hline\end{array}$

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Definitions:

Derivative Action

A lawsuit brought by shareholders on behalf of a corporation against third parties, typically involving claims of mismanagement or abuse by corporate officers.

Independent Directors

Board members who are not part of a company's day-to-day operations, ensuring unbiased oversight and reducing conflicts of interest.

Zapata Test

A legal standard used to determine the independence and good faith of a special litigation committee's investigation and recommendations in corporate litigation.

Property Dividend

A type of dividend payment made in assets other than cash, such as stocks or physical assets.