A Sample of 250 Observations Is Selected at Random from an Infinite

question 105

Multiple Choice

A sample of 250 observations is selected at random from an infinite population.Given that the population proportion is .25,the standard error of the sampling distribution of the sample proportion is:

• A)0.0274
• B)0.5000
• C)0.0316
• D)0.0548

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Definitions:

Units Sold

The total number of a product that a company sells within a particular period, indicating the volume of business activity.

Profit-volume Chart

A graphical representation that shows the relationship between a company's profits and its volume of sales.

Sales Mix

The proportion of different products or services that a company sells, affecting its overall profitability due to varying margins.

Margin Of Safety

The difference between actual sales and break-even sales, indicating the amount by which sales can drop before the business incurs a loss.