As a General Rule, the Sampling Distribution of the Sample $\ge$

question 28

Multiple Choice

As a general rule, the sampling distribution of the sample proportions can be approximated by a normal probability distribution whenever

• A)np \(\ge\) 5
• B)n(1 - p) \(\ge\) 5
• C)n \(\ge\) 30
• D)Both np \(\ge\) 5 and n(1 - p) \(\ge\) 5 are true.

---

Definitions:

Operating Plan

A detailed description of how a company's operational activities will be carried out to meet goals and objectives, including production, staffing, and inventory requirements.

Trade Credit

Credit extended by suppliers in which the buyer agrees to pay for goods and services received now at a later date.

Short-Term Loan

a borrowing arrangement designed to provide funds for a short period, typically less than a year, and is used for immediate financial needs.

Supplier

An individual or company that provides goods or services to another entity, typically as part of a supply chain.