A Sample of 250 Observations Is to Be Selected at Random

question 42

Multiple Choice

A sample of 250 observations is to be selected at random from an infinite population. Given that the population proportion is 0.25, the standard error of the sampling distribution of the sample proportion is:

• A)0.0274.
• B)0.50.
• C)0.0316.
• D)0.0548.

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Definitions:

Widgets

Widgets are a generic term for small devices or gadgets, or can refer to hypothetical products used in economics or financial examples.

Nonfinancial Performance Measure

A performance measure expressed in units rather than dollars.

Normal Standard

A benchmark or baseline condition expected to be present in a set of data, processes, or operations.

Direct Materials Price Variance

The difference between the actual cost of direct materials and the expected cost at standard prices.