Recall the Rule of Thumb Used to Indicate When the Normal

question 43

True/False

Recall the rule of thumb used to indicate when the normal distribution is a good approximation of the sampling distribution for the sample proportion .For the combination n = 50,p = 0.05,the rule is satisfied.

---

Definitions:

Wine Drinkers

Individuals who consume wine, a beverage made by fermenting grapes or other fruits.

Rational Investor

An investor who makes decisions based on the expected outcomes, utilizing all available information to maximize the utility of wealth.

Interest Rate

The proportion of a total amount of money that is charged for borrowing it, usually represented as a yearly percentage rate.

Asset

A resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.