THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 53

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Suppose that 20% of all invoices are for amounts greater than $800.A random sample of 50 invoices is taken.
-What is the mean and standard error of the sample proportion of invoices with amounts in excess of $800?

• A)mean = 10,standard error = 0.4472
• B)mean = 0.20,standard error = 0.0566
• C)mean = 0.20,standard error = 0.0032
• D)mean = 10,standard error = 0.0598

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Definitions:

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A concept that emphasizes the importance of achieving an equilibrium between professional obligations and personal activities, ensuring individuals have a healthy division between their work and personal life.

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The systematic gathering, analysis, and application of information about competitors, market conditions, and other external factors affecting the business.

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Laws and regulations governing employment standards, worker's rights, and employer responsibilities in the workplace.