Fifty People Are Selected Randomly from a Certain Population and It

question 20

Multiple Choice

Fifty people are selected randomly from a certain population and it is found that 12 people in the sample are over six feet tall. What is the best point estimate of the proportion of people in the population who are over 6 feet tall?

• A) 0.76
• B) 0.24
• C) 0.50
• D) 0.18

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The profit a company has after all expenses, taxes, and deductions are subtracted from total revenue.

Sales Tax

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An account in financial statements that represents the cost of equipment purchased by a business, excluding any accumulated depreciation.