A Random Sample of Size 1,000 Is Taken from a Population

question 2

Multiple Choice

A random sample of size 1,000 is taken from a population where p = .20.Describe the sampling distribution of $\hat { p }$ .

• A)Cannot be determined
• B)Approximately normal
• C)Skewed to the left
• D)Skewed to the right

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Definitions:

Long-term Business Focus

A strategic approach that prioritizes sustainable growth, investments, and operational decisions that benefit a company in the long run rather than focusing on short-term gains.

Unwanted Attention

Undesirable focus or notice from others, often causing discomfort or distress.

Accounting Methods

Accounting methods refer to the rules a company follows in reporting revenues and expenses in its financial statements. The two main types of accounting methods are accrual basis and cash basis.

Politicians

Individuals involved in governing or making public policies, often holding elected positions.