TABLE 8-8 the President of a University Would Like to Estimate the Estimate

question 43

True/False

TABLE 8-8
The president of a university would like to estimate the proportion of the student population that owns a personal computer.In a sample of 500 students,417 own a personal computer.
-True or False: Referring to Table 8-8,a confidence interval estimate of the population proportion would only be valid if the distribution of the number of students who own a personal computer is normal.

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Definitions:

Accounts Receivable

Money owed to a business by its clients or customers for goods or services delivered but not yet paid for.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the business's operating cycle, whichever is longer.

Liquidity

The ability to convert assets into cash.

Noncurrent Assets

Long-term assets not expected to be converted into cash within a year, such as property, plant, and equipment.