The Internal Auditing Staff of a Local Manufacturing Company Performs $\hat { p }$

question 111

Multiple Choice

The internal auditing staff of a local manufacturing company performs a sample audit each quarter to estimate the proportion of accounts that are more than 90 days overdue (delinquent) .The historical records of the company show that over the past 8 years,the average has been that 14 percent of the accounts have been delinquent.For this quarter,the auditing staff randomly selected 250 customer accounts.What are the mean and the standard deviation of the sampling distribution of $\hat { p }$ ?

• A)14 and 250
• B).14 and .1204
• C)35 and 5.486
• D).14 and .0219
• E)35 and 30.1

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Definitions:

Subatomic Particles

Particles that are smaller than atoms and make up the fundamental components of matter, such as electrons, protons, and neutrons.

Leptons

A fundamental family of particles in the standard model of particle physics, which includes electrons and neutrinos.

Proposition Not-p

A specific form of proposition in logic representing the negation of a certain proposition "p".

Mushrooms

Fungi that are widely distributed and can grow above ground or in the soil, some of which are edible while others are poisonous.