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

---

Definitions:

Survey Feedback

A process used in organizational development where data is collected through surveys and then fed back to the participants with the aim of facilitating change or improvement.

Effective Guidelines

Are clear, actionable, and well-communicated principles or rules designed to achieve desired outcomes efficiently.

Organization Development

A planned effort to increase an organization's effectiveness and health through interventions in its processes, aiming at improving overall performance.

Skills Training

Increasing the job knowledge, skills, and abilities that are necessary to do a job effectively.