If We Have a Sample Size of 500 and a Population

question 41

True/False

If we have a sample size of 500 and a population proportion of 0.995,we can approximate the sampling distribution of $\hat { p }$ with a normal distribution.

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Definitions:

Net Income

The total revenue minus total expenses, representing the company's profit.

Operating Activities

These are the primary day-to-day activities of a business that relate to its production, sales, and deliveries of its products and services.

Prepaid Insurance

An asset account that represents the amount paid for insurance coverage in advance of the service period.

Depreciation Expense

Depreciation expense is the allocated reduction of the cost of a tangible fixed asset over its useful life, reflecting its wear and tear, or obsolescence.