A random sample of size 100 is taken from a population described by the proportion 
. Refer to Exhibit 7-6.What is the expected value and the standard deviation for the sampling distribution of the sample proportion? 
Definitions:
Involuntary Conversion
A forced exchange of property or assets, often due to theft or natural disaster, that may have tax implications.
Two Years
A time period equal to 24 months or 730 days, often cited in various contexts such as investment holding periods for tax purposes.
Personal-use Asset
An asset primarily used for personal enjoyment or living purposes, not for business or investment aims.
Like-kind Exchange
A tax-deferred transaction allowing for the disposal of an asset and the acquisition of another similar asset without generating a tax liability from the sale of the first asset.
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