Use the Following to Answer the Question(s) Below

question 68

Multiple Choice

Use the following to answer the question(s) below.
Insurance company records indicate that 10% of its policyholders file claims involving theft or robbery of personal property from their homes. Suppose a random sample of 400 policyholders is selected.
-The standard deviation of the sampling distribution of the sample proportion of policyholders filing claims involving theft or robbery from their homes is

• A) 0.000225
• B) 0.25
• C) 0.0455
• D) 0.1667
• E) 0.015

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Definitions:

Tax Rate

is the percentage at which an individual or corporation is taxed by the government.

Average Sale Period

The average sale period measures the average amount of time it takes for a business to convert its inventory into sales.

Cost of Goods Sold

The total cost of manufacturing and delivering a product to customers, typically including material, labor, and overhead expenses.

Inventory

Materials and goods a business holds for the purpose of resale or as input in its production process.