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TABLE 8-9
A university wanted to find out the percentage of students who felt comfortable reporting cheating by their fellow students.A survey of 2,800 students was conducted and the students were asked if they felt comfortable reporting cheating by their fellow students.The results were 1,344 answered "Yes" and 1,456 answered "No."
-True or False: Referring to Table 8-9,we are 99% confident that between 45.57% and 50.43% of the student population feel comfortable reporting cheating by their fellow students.
Standard Deviation
A parameter that assesses the extent of difference or range within a batch of numerical values.
Risk-Averse Investor
An investor who prefers lower returns with known risks rather than higher returns with unknown risks.
Slope of the Budget Line
The rate at which one good can be traded for another, reflecting the relative prices of two goods.
Standard Deviation
An indicator that calculates how much a group of figures deviates or scatters from each other.
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