Simple Random Sampling Has Been Used to Obtain a Sample

question 20

Short Answer

Simple random sampling has been used to obtain a sample of n = 40 elements from a population of N=300. The sample proportion
a.Estimate the standard error of the proportion.
b.Develop an approximate 95% confidence interval for the population proportion.

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Definitions:

Notes Payable

Short or long-term liabilities representing amounts the company owes on written promises to pay specified sums of money at future dates.

Equity Investments-AFS

Acronym for Available-for-Sale, equity investments are securities not classified as held-for-trading or held-to-maturity, and can be sold in response to liquidity needs.

Equity Method

An accounting technique used to record investments in other companies where the investor has significant influence but does not have full control.

Fair Value Method

The fair value method is an accounting approach that measures assets and liabilities at estimates of their current market value rather than historical cost.