In a Recent Study, It Was Reported That the Proportion

question 93

Multiple Choice

In a recent study, it was reported that the proportion of employees who miss work on Fridays is 0.15, and that the standard deviation of the sampling distribution of sample proportion is 0.025. However, the report did not indicate what the sample size n was. What was it?

• A) 204
• B) 26
• C) 108
• D) 58
• E) More information needed to determine the value of n.

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Definitions:

Producer Surplus

The difference between what producers are willing to sell a good for and the price they actually receive.

Trade

The trade of goods, services, or both among two or more entities, either within a single economy or across different ones.

Producer Surplus

The difference between what producers are willing to accept for a good or service and what they actually receive.

Trade

The exchange of goods, services, or both between two or more parties, either within a country or between countries.