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

question 83

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 95% confidence interval for the proportion of the student population who own a personal computer is narrower than a 99% confidence interval.

---

Definitions:

Behavioural Approaches

Strategies or methods in psychology and management focusing on studying and modifying observable actions and reactions in individuals.

Quantitative Approaches

Quantitative Approaches involve the use of mathematical, statistical, and computational techniques to analyze and model data, often used in decision-making, problem-solving, and predicting outcomes.

Modern Management Approaches

Contemporary methodologies and strategies utilized in organizing, planning, leading, and controlling within organizations to improve efficiency and effectiveness.

Economic Criteria

Standards or benchmarks used to evaluate the economic performance or viability of a decision, investment, or project.