Consider the Following to Answer the Question(s) Below

question 18

Multiple Choice

Consider the following to answer the question(s) below:
According to a recent survey, about 33% of Canadians polled said that they would likely purchase reusable cloth bags for groceries in order to reduce plastic waste. Suppose 45 shoppers are interviewed at a local supermarket.
-Which of the following statements is (are) true about the sampling distribution of the sample proportion?

• A) The sampling distribution can be described by the Normal model.
• B) The mean of the sampling distribution is 0.33.
• C) The standard deviation of the sampling distribution is 0.07.
• D) All of the above
• E) None of the above

---

Definitions:

Interest Rate

The percentage of a sum of money charged for its use, often expressed as an annual percentage.

Uncertainty

The lack of complete certainty in situations, often due to incomplete information, that affects decision-making processes in economics and finance.

Market Interest Rates

The rates at which borrowers and lenders conduct transactions in the open market, influenced by the supply and demand for credit, inflation, and central bank policies.

Nominal Interest

The interest rate on a loan or investment without adjusting for inflation.