A Prison Official Wants to Estimate the Proportion of Cases

question 92

Short Answer

A prison official wants to estimate the proportion of cases of recidivism.Examining the records of 250 convicts,the official determines that there are 65 cases of recidivism.A confidence interval will be obtained for the proportion of cases of recidivism.Part of this calculation includes the estimated standard error of the sample proportion.For this sample,the estimated standard error is .

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Individuals, institutions, or entities that provide funds to others with the expectation that the funds will be repaid, typically with interest.

Risk-Free Rate

The return on an investment with no risk of financial loss, often represented by the yield on government securities.

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The ability of a business to generate net income consistently over time.

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Financial instruments representing a loan made by an investor to a borrower, typically including terms for interest payments and the return of principal.