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

question 191

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,we are 99% confident that the mean numbers of student population who own a personal computer is between 0.7911 and 0.8769.

---

Definitions:

Payout

The process of distributing financial rewards, such as dividends or winnings.

Performance-Based Pay

A compensation system in which an employee’s financial remuneration is directly linked to their performance or productivity.

Advantages

The favorable positions or conditions gained by a person or organization that provide a better opportunity for success.

Disadvantages

Negative or unfavorable aspects and conditions that hinder success or effectiveness.