If a Random Sample of 200 Items Is Taken from a Population

question 27

Multiple Choice

If a random sample of 200 items is taken from a population in which the proportion of items having a desired attribute is p = 0.30, what is the probability that the proportion of successes in the sample will be less than or equal to 0.27?

• A) 0.0841
• B) 0.1011
• C) 0.1912
• D) 0.1762

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Definitions:

Unit Sales

The total number of individual units of a product sold by a company within a specific period of time.

Sales Commissions

The portion of sales revenue paid to sales employees or agents, usually calculated as a percentage of the sales they generate.

Monthly Sales

The total revenue generated from sales activities during a calendar month.

Net Operating Income

A metric assessing a corporation's earnings from its primary operations, before considering reductions for interest and taxes.