The Number of Successes and the Sample Size Are Given

question 79

Multiple Choice

The number of successes and the sample size are given for a simple random sample from a population. Decide whetherusing the one-proportion z-interval procedure is appropriate.
-x = 2, n = 40

• A)Not appropriate
• B)Appropriate

---

Definitions:

Competitive Firm

A company operating in a market where it must compete with other firms for customers, often leading to innovation and efficient practices.

Market Price

The ongoing market rate for buying or selling an asset or service.

Highly Competitive

A market structure characterized by a large number of small firms, free entry and exit, and a high level of competition where no single firm can significantly influence market prices.

Simple Indicator

A quantitative measure that can be used to gauge or describe the performance or status of a particular phenomenon.