THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 12

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A sales representative has 425 accounts.From a random sample of 60 of these accounts,she found that the average yearly order was $1,250 with a standard deviation of $70.She also found that 28 out of 60 in the sample have placed an order in the last four weeks.
-Estimate the proportion of all accounts that placed an order within the last four weeks.

• A)0.683
• B)0.218
• C)0.467
• D)0.356

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Definitions:

Fundamental Attribution Error

The inclination to place excessive focus on personal characteristics while undervaluing the impact of environmental conditions in interpreting the actions of others.

Individualism

A cultural orientation that values the independence, autonomy, and self-interest of individuals over groups or collectives.

Protestantism

A branch of Christianity that originated with the Reformation, a movement against what its followers perceived to be errors in the Roman Catholic Church.

Socioeconomic Status

The social standing or class of an individual or group, often measured as a combination of education, income, and occupation.