A Random Sample of Size 100 Is Taken from a Population

question 84

Multiple Choice

A random sample of size 100 is taken from a population described by the proportion p = 0.60. The probability that the sample proportion is between 0.55 and 0.62 is ________.

• A) 0.1539
• B) 0.5047
• C) 0.6591
• D) 0.8130

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Definitions:

Sales Tax

A tax imposed by government on the sale of goods and services, usually calculated as a percentage of the selling price.

Manufacturing Tax

Manufacturing tax refers to taxes imposed on goods produced within a country; the specifics of these taxes can vary by location and product type.

Accounting Firm

An accounting firm is a business that provides services related to accounting, including audit, bookkeeping, tax preparation, and financial consultancy.

Service Company

A business that provides intangible products or services to customers.