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:

Saving

The act of setting aside money for future use, rather than spending it immediately, typically to achieve a financial goal or prepare for emergencies.

Domestic Output

The total value of all goods and services produced within a country's borders within a given time period.

Sociocultural Impediment

Barriers or obstacles arising from social and cultural factors that affect behaviors, practices, and decision-making.

Economic Growth

Economic growth refers to the increase in the inflation-adjusted market value of the goods and services produced by an economy over time, often measured by GDP.