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Assume that the population proportion of adults having a college degree is 0.38. A random sample of 300 adults is to be selected to test this claim.
A) What are the shape, mean, and standard deviation of the sampling distribution of the sample proportion for samples of 300?
B) What is the probability that the sample proportion will fall within 3 percentage points(+/- 0.03) of the population proportion?
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A company has forecasted sales of $3,000 in January, $6,000 in February, and $5,500 in March. All sales are on credit. Forty percent is collected month of sale and the remainder the following month.
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Traditionally, Enterprise Resource Planning (ERP) systems are adopted by the manufacturing organisations; however, ERP vendors developed several modules to support organisations in different industries.
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