Describe the Sampling Distribution of a Sample Proportion
-A Greenhouse $28 \%$

question 7

Multiple Choice

Describe the Sampling Distribution of a Sample Proportion
-A greenhouse in a tri-county area has kept track of its customers for the last several years and has determined that it has about 10,000 regular customers. Of those customers, $28 \%$ of them plant a vegetable garden in the spring. The greenhouse obtains a random sample of 800 of its customers. Is it safe to assume that the sampling distribution of $\hat { p }$ , the sample proportion of customers that plant a vegetable garden, is approximately normal? Answer Yes or No.

• A) No
• B) Yes

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Definitions:

Wage Rate

Compensation received by an employee for performed work, typically quantified on an hourly, daily, or yearly basis.

MRP

The extra income produced by using an additional unit of a resource or production factor.

Capital

Assets such as funds, equipment, and real estate used in business operations that contribute to the production of goods and services.

Labor

The human effort, either physical or mental, that is used in the production of goods and services.