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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

Question 12

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A sales representative has 425 accounts.From a random sample of 60 of these accounts,she found that the average yearly order was $1,250 with a standard deviation of $70.She also found that 28 out of 60 in the sample have placed an order in the last four weeks.
-Estimate the proportion of all accounts that placed an order within the last four weeks.


A) 0.683
B) 0.218
C) 0.467
D) 0.356

Correct Answer:

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