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

question 72

Multiple Choice

A random sample of size 1,000 is taken from a population where p = .20.What is $\left( \sigma _ { \dot { p } } \right)$
?

• A).0051
• B).03162
• C).01414
• D).01265

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Definitions:

Confidence Interval

An arsenal of values, based on sample's statistical analysis, suggested to likely encompass the value of a cryptic population parameter.

Sample Mean

The average value of the data points in a sample, calculated as the sum of the observations divided by the number of observations.

Credit Card Use

The action or practice of purchasing goods or services using a credit card as the method of payment.

Sample Size

The number of observations or elements chosen from a population for the purpose of statistical analysis.