Which Statement Is Incorrect? Explain

question 82

Multiple Choice

Which statement is incorrect? Explain.

• A)If p = .50 and n = 100, the standard error of the sample proportion is .05.
• B)In a sample size calculation for estimating π, it is conservative to assume π = .50.
• C)If n = 250 and p = .06, we cannot assume normality in a confidence interval for π.

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Definitions:

Independent Dealers

Businesses or individuals that sell products or services without being directly affiliated with a single manufacturer or supplier.

Channel Captain

Channel Captain refers to a dominant firm that controls the behavior of other firms in a distribution channel, often determining terms and conditions of sale.

Economic Power

Economic power refers to the ability of an entity, whether a country, corporation, or individual, to influence or control the direction of economic activities through wealth, production, or other financial resources.

Channel Member

A participant in a distribution channel that plays a role in the movement of goods or services from the producer to the consumer.