Pinky Bauer,Chief Financial Officer of Harrison Haulers,Inc

question 30

Multiple Choice

Pinky Bauer,Chief Financial Officer of Harrison Haulers,Inc.,suspects irregularities in the payroll system. If 10% of the 5,000 payroll vouchers issued since January 1,2000,have irregularities,the probability that Pinky's random sample of 200 vouchers will have a sample proportion of between .06 and .14 is ___________.

• A) 0.4706
• B) 0.9706
• C) 0.0588
• D) 0.9412
• E) 0.8765

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Definitions:

Monetary Policy

The actions of a central bank, currency board, or other regulatory committee that determine the size and rate of growth of the money supply, which in turn affects interest rates.

Inflation

A rise in prices and a decrease in the purchasing power of money over time.

Unemployment Rates

The percentage of the labor force that is jobless and actively looking for employment.

Interest Rates

The cost incurred by a borrower, represented as a percentage of the principal, for accessing funds from a lender.