In a Recent Study, It Was Reported That the Proportion

question 50

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 sample proportion is .However, the report did not indicate the sample size n.What was the sample size, assuming the Central Limit Theorem holds in this case?

• A) 26
• B) 58
• C) 102
• D) 204

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Definitions:

Financial Intermediary

An institution that acts as a middleman between investors and borrowers, helping to channel funds from those with excess money to those in need of funds.

Resale Proceeds

The amount of money received from selling an asset that was previously purchased.

Price-Earnings Ratio

A valuation measure comparing the current share price of a company to its per-share earnings, used to evaluate if a stock is over or undervalued.

Retained Earnings

The portion of a company's profits that is kept or retained and not paid out as dividends to shareholders.