Samples of Size N = 900 Are Randomly Selected from the Population

question 12

Multiple Choice

Samples of size n = 900 are randomly selected from the population of numbers (0 through 9) produced by a random-number generator, and the proportion of even numbers is found for each sample. What is the distribution of the sample proportions?

• A) not enough information provided
• B) skewed to the left
• C) normal (approximately)
• D) skewed to the right

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Definitions:

Bank Reconciliation

The process of comparing and contrasting the bank statement with a company's financial records to identify any discrepancies.

Bank Service Charges

Fees charged by banks for various services such as account maintenance, transactions, or overdrafts.

Deposit In Transit

Money that has been received and recorded by a company but has not yet been reflected in the bank's records.

NSF Check

A check that cannot be honored because the account on which it is drawn lacks sufficient funds, standing for "non-sufficient funds."