Suppose That

question 82

Multiple Choice

Suppose that .06 of each of two populations possess a given characteristic.Samples of size 400 are randomly drawn from each population.The probability that the difference between the first sample proportion which possess the given characteristic and the second sample proportion which possess the given characteristic being more than +.03 is _______.

• A)0.4943
• B)0.9943
• C)0.0367
• D)0.5057
• E)0.5700

---

Definitions:

Commercial Activities

Business operations and transactions involving the exchange of goods and services with the objective of earning profit.

High Tariffs

Government-imposed taxes on imported or exported goods intended to protect domestic industries, but can lead to international trade disputes.

Freedom From Want

A concept popularized by President Franklin D. Roosevelt as one of the Four Freedoms, referring to the right to an adequate standard of living and economic security.

Consumerism

The theory or policy that promotes an increasing consumption of goods as an economic policy or social system.