After Taking a Random Start Between 1 and 20 and Then

question 21

Multiple Choice

After taking a random start between 1 and 20 and then taking every 20th element from the sampling frame,Smith learned that 40% of the sample believed the company's president was doing a good job.The calculated standard error was 3 percent.Assuming a normal distribution,this means that

• A)between 37% and 43% of the employees believe the president is doing a good job.
• B)you are 95% certain that between 37% and 43% of the employees believe the president is doing a good job.
• C)you are 68% certain that between 37% and 43% of the employees believe the president is doing a good job.
• D)you are 99% certain that between 37% and 43% of the employees believe the president is doing a good job.
• E)between one and twenty percent of the sample believes the president is doing a good job.

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Definitions:

Equity

The value of an ownership interest in property, including shareholders' equity in a corporation, which represents assets minus liabilities.

Asset

Resources owned by an individual or business that have value and can be used to meet debts, commitments, or legacies.

Liability

Legal obligations or debts that a business or individual is responsible for.

Liability

Liability refers to a company's legal financial debts or obligations that arise during the course of business operations.