The Characteristics of Sampling Distributions That We Are Interested in Are

question 6

Essay

The characteristics of sampling distributions that we are interested in are: center, shape, and spread. In a few sentences, describe these characteristics for the sampling distribution of $\hat { p }$ .

---

Definitions:

Cost

The total expense incurred in producing a product or providing a service, including materials, labor, and overhead charges.

Manufacturing Inventories

Materials, work-in-progress, and finished goods that a company holds for the purpose of future production or sale.

Current Assets

Assets that a company expects to convert to cash or use up within one year.

Balance Sheet

A financial statement that reports the assets, liabilities, and owner’s equity at a specific date.