Suppose That 60 Percent of the Employees in a Particular

question 106

Multiple Choice

Suppose that 60 percent of the employees in a particular union support a candidate for union president.The probability that a sample of 1,000 employees would yield a sample proportion in favour of the candidate within 4 percentage points of the actual proportion is _____.

• A)0.9786
• B)0.9878
• C)0.9902
• D)0.5398
• E)0.8413

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Definitions:

Merchandise Trade Balance

The difference in value between a country's imports and exports of goods, excluding services.

Intangibles

Assets that have no physical form but possess value, such as intellectual property or brand reputation.

Financial Assets

Economic resources or investments that are paper or digital, such as stocks, bonds, and bank deposits.

Exchange Rate

The worth of one currency when converted into another.