THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 86

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
It has been found that 62.1% of all unsolicited third class mail delivered to households goes unread.Over the course of a month,a household receives 100 pieces of unsolicited mail.
-What is the standard error of the sample proportion?

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Definitions:

Pre-tax Income

The amount of income earned by an individual or company before any taxes have been deducted.

Variable Costs

Costs that vary directly with the level of production or service activity, such as raw materials and labor hours.

Expected Total

The projected sum or outcome of a particular set of data or financial transactions over a specified period.

Dollar Sales

The total value of sales measured in monetary terms over a specific period of time.