If the Standard Error of the Sampling Distribution of the Sample

question 70

Multiple Choice

If the standard error of the sampling distribution of the sample proportion is 0.0229 for samples of size 400,then the population proportion must be either:

• A)0.4 or 0.6
• B)0.5 or 0.5
• C)0.2 or 0.8
• D)0.3 or 0.7

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Definitions:

2% Commission

A fee paid to a salesperson, broker, or agent, equivalent to 2% of the sales amount or transaction value.

Closing Price

The final price at which a security is traded on a given trading day, representing the most up-to-date valuation of the security until trading resumes.

Trading Day

Refers to a day on which the stock exchanges are open for trading.

Broker Fee

A charge or commission a broker commands for their service in facilitating transactions, such as buying or selling securities.