Provide an Appropriate Response $0.1 ( 10 \% )$ If Samples of Size 100 Are Repeatedly Drawn from Handers

question 198

Multiple Choice

Provide an appropriate response.
-Suppose that the proportion of left handers in a certain population is $0.1 ( 10 \% )$ . If samples of size 100 are repeatedly drawn from this population and the proportion of left handers in each sample is recorded, what can you say about the distribution of the sample proportions?

• A) The sample proportions are approximately normally distributed with a mean of \(0.1\) and a standard deviation of approximately \(1 / 10\).
• B) Each sample proportion will be equal to 0.1.
• C) The sample proportions are approximately uniformly distributed between the values of 0 and \(0.2\).
• D) The sample proportions are approximately normally distributed with a mean of \(0.1\) and a standard deviation of approximately \(1 / 20\).

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Definitions:

Standard Cost

A predetermined cost for a product or service, used as a benchmark to measure performance and efficiency.

Budgeted Cost

An estimate of costs, revenues, and resources over a specified period, reflecting a reading of future financial conditions and goals.

Homogeneous

Describing products or materials that are uniform in composition or character; identical items with no variance.

Conversion

The process of changing resources or inputs into outputs such as goods or services, often referring to the labor and overhead costs associated with manufacturing.