A Sample of Size 300 Is to Be Taken at Random

question 124

Multiple Choice

A sample of size 300 is to be taken at random from an infinite population. Given that the population proportion is 0.70, the probability that the sample proportion will be smaller than 0.75 is:

• A)0.9706.
• B)0.4772.
• C)0.4706.
• D)0.9772.

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Definitions:

Functional Currency

The primary currency used by a business or entity in its financial operations and reporting.

Current Monetary Assets

Assets held by a company that are in the form of cash or can be easily converted into cash within a short period, typically one year.

Total Liabilities and Equity

The sum of all liabilities (what a company owes) plus the owners' equity (the original investment plus any retained earnings).

Exchange Rates

The rate at which one currency can be exchanged for another, affecting international trade and investments.