If the Population Proportion Is 0

question 49

Multiple Choice

If the population proportion is 0.90 and a sample of size 64 is taken,what is the probability that the sample proportion is more than 0.89?

• A) 0.1064
• B) 0.2700
• C) 0.3936
• D) 0.6064
• E) 0.9000

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Definitions:

Credit Risk

The potential that a borrower will fail to meet their obligations in accordance with agreed terms.

Capital Resources

Economic assets used by businesses to produce goods and services, such as buildings, machinery, and equipment.

Market Economy

An economic system where supply and demand dictate the production, distribution, and pricing of goods and services, with minimal government intervention.

Bankruptcy

A legal process whereby individuals or entities that cannot repay debts to creditors seek relief from some or all of their debts.