Compute the Standard Error of a Sampling Distribution

question 16

Multiple Choice

Compute the standard error of a sampling distribution.
-A recent survey of 120 senior citizens at a local supermarket found that 44% have
Purchased reusable cloth bags for groceries. What is the standard error of the sampling
Distribution of the sample proportion?

• A) 0.0021
• B) 0.0453
• C) 0.2464
• D) 0.0370
• E) 0.1030

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Definitions:

Weighted-Average Number

A calculation that takes into account the varying degrees of importance of the numbers in a data set, used to find a kind of average that considers weight.

Preferred Stock

A type of stock that grants holders priority for dividend payments and, in some cases, priority in asset liquidation over common stockholders.

Stockholders' Equity

The portion of the balance sheet that represents the capital received from investors in exchange for stock (paid-in capital), donated capital and retained earnings.

Cash Dividend

A payment made by a company out of its earnings to shareholders, usually in the form of cash.