Given a Population Where the Proportion of Items with a Desired

question 30

Multiple Choice

Given a population where the proportion of items with a desired attribute is p = 0.25, if a sample of 400 is taken, what is the probability the proportion of successes in the sample will be greater than 0.22?

• A) 0.9162
• B) 0.8812
• C) 0.7141
• D) 0.8412

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Definitions:

Straight-line Amortization

The method of gradually reducing the cost of an intangible asset over its useful life in a uniform manner.

Market Value Method

The market value method is a valuation method used to assess the value of an asset based on its current market price.

Bond Conversion

The process of converting a convertible bond into a specific number of shares of the issuer's common stock.

Conversion Privilege

A feature of certain securities that allows the holder to convert them into a different type of security, typically common stock, under specific conditions.