Describe the Sampling Distribution of a Sample Proportion
-A National $37 \%$

question 26

Multiple Choice

Describe the Sampling Distribution of a Sample Proportion
-A national caterer determined that $37 \%$ 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. If $\hat { p }$ is the sample proportion saying that the food is delicious, what is the standard deviation of the sampling distribution of $\hat { p }$ ?

• A) \(0.04\)
• B) \(0.002\)
• C) \(0.48\)
• D) \(0.23\)

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Definitions:

Consumption Reduction

A decrease in the amount of goods and services consumed by individuals or communities, often aimed at saving resources or money.

Price Increase

An upward adjustment in the cost of goods or services, often driven by factors like inflation, increased demand, or higher production costs.

Inferior Good

An inferior good is a type of product whose demand decreases as the income of the consumer increases, in contrast to normal goods.