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

question 168

Short Answer

TABLE 8-8
The president of a university would like to estimate the proportion of the student population who owns a personal computer. In a sample of 500 students, 417 own a personal computer.
-Referring to Table 8-8, a 99% confidence interval for the proportion of student population who own a personal computer is from ________ to ________.

---

Definitions:

Retained Earnings

Retained Earnings refer to the portion of net income left after dividends are paid out to shareholders, which is then reinvested in the company or used to pay down debt.

Intangible Asset

Assets that lack physical substance but are valuable because of the advantages or rights they provide to a business.

Treasury Stock

Shares that were issued and later reacquired by the issuing company, reducing the amount of outstanding stock.

Common Stock

A type of equity security that represents ownership in a corporation, entitling holders to vote on corporate matters.