Which of the Following Is a Required Condition for Using

question 163

Multiple Choice

Which of the following is a required condition for using the normal approximation to the binomial in testing the difference between two population proportions?

• A) n₁p₁ ≥ 30 and n₂p₂ ≥ 30
• B) n₁p₁ ≥ 5 and n₂p₂ ≥ 5
• C) n₁p₁ ≥ 5 , n₁(1-p₁) ≥ 5 , n₂p₂ ≥ 5 and n₂(1-p₂) ≥ 5
• D) n₁p̂₁ ≥ 5 , n₁(1-p̂₁) ≥ 5 , n₂p̂₂ ≥ 5 and n₂(1-p̂₂) ≥ 5
• E) n₁p₁ ≥ 10 and n₂p₂ ≥ 10

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Definitions:

Period Costs

Expenses that are incurred on a regular basis and are not directly tied to the production process, such as selling, general, and administrative expenses.

Financial Reporting

The process of disclosing financial information and statements to management, investors, and regulators to reflect a company's financial performance and position.

Units Sold

The total number of product units that have been sold during a specific time period.

Cost Formula

A method or equation used to calculate the total cost of production, including fixed and variable expenses.