SOLUTION: Please help me solve the following multiple choice question. A randomly selected sample of 500 students at Institute of Arts which has 15-week semesters were asked whether or no

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Question 1090297: Please help me solve the following multiple choice question.
A randomly selected sample of 500 students at Institute of Arts which has 15-week semesters were asked whether or not they think the semester should be shortened to 14-weeks (with longer class hours). Forty percent(40%) of the 500 students surveyed answered "yes". Which one of the following statements about the number 40% is correct?
A. It is a population parameter.
B. It is a margin of error.
C. It is a standard error.
D. None of the above.
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
A randomly selected sample of 500 students at Institute of Arts which has 15-week semesters were asked whether or not they think the semester should be shortened to 14-weeks (with longer class hours). Forty percent(40%) of the 500 students surveyed answered "yes". Which one of the following statements about the number 40% is correct?
A. It is a population parameter.
B. It is a margin of error.
C. It is a standard error.
D. None of the above.
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Answer:: D
It is a sample proportion.
Cheers,
Stan H.
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