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

question 45

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 $28 \%$ of its customers plant a vegetable garden in the spring. The greenhouse obtains a random sample of 1000 of its customers. What is the mean of the sampling distribution of $\hat { p }$ , the sample proportion of customers that plant a vegetable garden in the spring?

• A) \(0.28\)
• B) \(0.72\)
• C) 2800
• D) \(0.002\)

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Definitions:

Article VI

A section of the United States Constitution that establishes the Constitution, federal statutes, and treaties as the supreme law of the land, overriding state laws.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a resource.

Average Product

Output per unit of a particular input.

Perfect Competitor

An idealized firm that has no market power and operates in a market with many buyers and sellers where all have perfect information.