The Population of All Sample Proportions Has a Normal Distribution $\ge$

question 24

Multiple Choice

The population of all sample proportions has a normal distribution if the sample size (n) is sufficiently large.The rule of thumb for ensuring that n is sufficiently large is:

• A)np \(\ge\) 5
• B)n(1 - p)5
• C)np \(\le\) 5
• D)n(1 - p)\(\le\) .5 and np \(\le\) 5
• E)np .5 and n(1 - p)\(\ge\) 5

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Definitions:

Weight Factor

A factor assigned to each product in a joint manufacturing process representing its importance in comparison to the other products.

Support Department

A division within a company that provides essential services or backup to the production or operations departments, not directly producing goods or services.

Cost Accounting

A type of accounting focused on capturing a company's total cost of production by assessing its variable and fixed costs.

Raw Materials

Basic materials and substances used in the initial stages of the production process to manufacture goods.