Describe the Sampling Distribution of a Sample Proportion
-A National $87 \%$

question 40

Multiple Choice

Describe the Sampling Distribution of a Sample Proportion
-A national caterer determined that $87 \%$ of the people who sampled their food said that it was delicious. A random sample of 144 people is obtained from a population of 5000 . The 144 people are asked to sample the caterer's food. Will the distribution of $\hat { p }$ , the sample proportion saying that the food is delicious, be approximately normal? Answer Yes or No.

• A) Yes
• B) \(\mathrm { No }\)

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Definitions:

Operating Leases

Leases where the lessor retains substantial risks and rewards of ownership of the asset while leasing it to the lessee.

Note Disclosure

Informative notes accompanying financial statements, explaining the basis of preparation and detailing specific accounting policies.

Capital Lease

A long-term lease agreement that is classified as a purchase by the lessee for accounting purposes because it effectively transfers substantially all the risks and rewards of ownership.

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return.