Which of the Following Statements Is True with Respect to the Sampling

question 6

Multiple Choice

Which of the following statements is true with respect to the sampling distribution of a proportion?

• A) The mean of the sampling distribution will equal the population proportion.
• B) An increase in the sample size will result in an increase in the size of the standard deviation.
• C) The sampling distribution will be approximately Normal regardless of sample size.
• D) The standard deviation of the sampling distribution will equal the standard deviation of the population.
• E) The mean of the sampling distribution will smaller than the population proportion.

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Definitions:

Interest Expense

The amount an entity pays over time for the use of borrowed funds.

General Journal Entry

A general journal entry is a record of financial transactions in the accounting records of a business.

Notes Payable

This refers to a written promise to pay a certain amount of money, usually including interest, by a specific date, and is recognized as a liability on a company's balance sheet.

Effective Interest Method

An accounting practice used to allocate loan or bond interest expense over the life of the loan or bond based on the loan's amortized cost.