Samples of Size 300, 400, and 200 Have Been Selected

question 34

Multiple Choice

Samples of size 300, 400, and 200 have been selected from each of three large populations, producing sample proportions of 0.4, 0.3, and 0.5 respectively.The pooled sample proportion here would be

• A)0.413
• B)0.378
• C)0.453
• D)0.383
• E)0.397

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Definitions:

Agency Costs

Expenses that arise from conflicts of interest between principals (such as shareholders) and agents (such as managers) within a corporation.

Spot Checks

Random inspections or audits conducted without prior notice to ensure compliance or verify the quality of ongoing activities.

Quality

How well a product or service fulfills or goes beyond what customers anticipate.

Agency Costs

The costs associated with resolving conflicts of interest between principals and agents, including monitoring and incentive expenses.