A Small Private College Is Interested in Determining the Percentage $20 \%$

question 82

Multiple Choice

A small private college is interested in determining the percentage of its students who live off campus and drive to class. Specifically, it was desired to determine if less than $20 \%$ of their current students live off campus and drive to class. The college decided to take a random sample of 108 of their current students to use in the analysis. Is the sample size of $n = 108$ large enough to use this inferential procedure?

• A) Yes, since the central limit theorem works whenever proportions are used
• B) Yes, since \(n \geq 30\)
• C) Yes, since both \(n p\) and \(n q\) are greater than or equal to 15
• D) \(\mathrm { No }\)

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Definitions:

Generic Business Strategies

Broad marketing approaches or plans that businesses can use to attain competitive advantage, typically classified into cost leadership, differentiation, and focus strategies.

Four Actions Grid

A strategic tool used in blue ocean strategy to redefine the value proposition by determining what to eliminate, reduce, raise, and create.

Blue Ocean Strategy

A business strategy that focuses on creating a new market space (or "Blue Ocean") that is uncontested and makes competition irrelevant.

Four Actions Grid

A strategic tool used in the Blue Ocean Strategy framework that helps businesses to determine new opportunities by asking four questions: What to eliminate, reduce, raise, and create.