If P = 090, a Sample Size of N =10 Is Large Enough

question 18

True/False

If p = 0.90, a sample size of n =10 is large enough for the samplingdistribution of $\hat{ p}$ to be well approximated by a normal distribution.

---

Definitions:

Niche Strategy

A focused marketing approach targeting a specific, well-defined segment of the market, often with specialized products or services.

Product Differentiation

The method of making a product or service stand out from the competition in order to appeal more to a specific target group.

Narrow Market

A market segment characterized by a specific and often limited customer base, interests, or area of focus.

Cost Leadership

A competitive strategy where a company aims to become the lowest-cost producer in its industry or market.