Random Samples of Size 100 Are Taken from a Process

question 34

Multiple Choice

Random samples of size 100 are taken from a process (an infinite population) whose population proportion is 0.2. The mean and standard deviation of the distribution of sample proportions are

• A)0.2 and .04
• B)0.2 and 0.2
• C)20 and .04
• D)None of the alternative answers is correct.

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Definitions:

Adjusting Entries

Bookkeeping entries executed at the termination of a financial period for the purpose of apportioning earnings and expenses to the actual period they took place.

Balance Sheet Accounts

Accounts appearing on the balance sheet, representing a company's assets, liabilities, and equity at a specific point in time.

Income Statement Accounts

Accounts that reflect income, expenses, gains, and losses, which are used to determine the net income of a business.

Deferred Revenue

Income received by a company for products or services yet to be delivered or completed, considered a liability until the revenue is earned.