As a General Rule, the Normal Distribution Provides a Good

question 85

Multiple Choice

As a general rule, the normal distribution provides a good approximation to the sampling distribution of the sample proportion, , only if which of the following conditions holds?

• A) The sample size, n, is greater than 30.
• B) The population proportion, p, is greater than 0.50.
• C) The underlying population has a small standard deviation and n is large.
• D) np and n(1 - p) are both greater than 5.

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Definitions:

Wash Sale

A tax term referring to the sale of a security at a loss and the repurchase of the same, or substantially the same, security shortly before or after, which disallows the claim of the loss for tax purposes.

Substantially Identical

Refers to property or securities that are nearly the same, often used in tax rules concerning wash sales.

Fair Market Value

The price at which an asset would sell on the open market between a willing buyer and a willing seller.

Rental Business

An entrepreneurial activity where an individual or entity rents out properties or equipment to others for a profit.