The Standard Error of the Sampling Distribution of the Sample

question 37

True/False

The standard error of the sampling distribution of the sample proportion
,when the sample size n = 100 and the population proportion P = 0.30,is 0.0021

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Definitions:

Monopolist

A single seller in a market who has significant control over the entire supply of a good or service, and thus can influence price.

Marginal Revenue

The additional income generated from selling one more unit of a product or service.

Equilibrium

When aggregate demand equals aggregate supply.

MC = MR

A principle in economics stating that profit maximization occurs when a firm's marginal cost (MC) equals its marginal revenue (MR).