Given a Population Where the Proportion of Items with a Desired

question 131

Multiple Choice

Given a population where the proportion of items with a desired attribute is p = 0.25, if a sample of 400 is taken, what is the standard deviation of the sampling distribution of ?

• A) 0.0512
• B) 0.0312
• C) 0.0217
• D) 0.0412

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Definitions:

Supply

The total amount of a product or service available for purchase at any given time in the market.

Hurricane

A tropical cyclone with winds exceeding 74 mph, typically characterized by rain, thunderstorms, and strong winds.

Inferior Good

A type of good for which demand decreases when consumer income rises, unlike normal goods, for which the opposite is observed.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers at those prices.