A Sample of 400 Observations Will Be Taken from an Infinite

question 17

Multiple Choice

A sample of 400 observations will be taken from an infinite population. The population proportion equals 0.8. The probability that the sample proportion will be greater than 0.83 is

• A)0.4332
• B)0.9332
• C)0.0668
• D)0.5668

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Definitions:

Government Policy

Decisions, plans, and actions that are undertaken by a government to achieve specific goals within a society.

Computerized Inventory

The use of computer systems and software to track and manage inventory levels, orders, sales, and deliveries.

Preset Standards

Preset standards are predetermined criteria or benchmarks used to measure quality, productivity, or other performance levels in various processes.

Information Flowing

The movement or transfer of data and instructions among individuals or organizations, facilitating decision-making and coordination of activities.