The Use of the Standard Normal Distribution for Constructing a Confidence

question 2

Multiple Choice

The use of the standard normal distribution for constructing a confidence interval estimate for the population proportion p requires that:

• A)n \[\hat { p }\] and n(1 - \[\hat { p }\] ) are both greater than 5, where \[\hat { p }\] denotes the sample proportion.
• B)np and n(1 - p) are both greater than 5.
• C)n \[\hat { p }\] and n(p + \[\hat { p }\] ) are both greater than 5.
• D)the sample size is greater than 5.

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Definitions:

Product Development

The process of bringing a new product from concept through to the market, involving stages such as ideation, design, testing, and launch.

Commercialization

The process of bringing new products or services to the market, ensuring they can be manufactured at a scale and marketed effectively to generate profit.

Screening

The process of evaluating or analyzing information to separate out important or relevant data from that which is irrelevant or not pertinent.

Product Development

The process of bringing a new product or service to market, from idea generation to design, manufacturing, and launch.