Suppose We Have Two Binomial Populations Where the True Proportion

question 60

Multiple Choice

Suppose we have two binomial populations where the true proportion of success is .2 for the first population and .3 for the second population.We take an SRS of size 4 from the first population,and the number of successes is 3.We take an SRS of size 400 from the second population,and the number of successes is 200.Why should be closer to .3?

• A)Because the sample size is large
• B)Because of nonresponse bias
• C)Because .3 is close to .5
• D)None of the above

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Definitions:

Closing Costs

Closing costs are fees and expenses paid during the closure of a real estate transaction, including attorney fees, commissions, and taxes.

Straight-line Depreciation

A technique of distributing the expense of a physical asset uniformly over its operational lifespan.

Accelerated Depreciation

A method of depreciation in which an asset loses book value at a faster rate than the traditional straight-line method over its useful life.

Useful Life

The expected time period over which an asset is useful to the owner.