Suppose That 20% of the Households in Alberta Have Incomes

Multiple Choice

Suppose that 20% of the households in Alberta have incomes in excess of $60,000. Assume that a random sample of 500 households in Alberta is taken. What will be the standard error of the sampling distribution of sample proportion of households that have incomes in excess of $60,000?

A) 0.0003
B) 0.0179
C) 0.0256
D) 0.1600