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

question 17

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.
-Referring to Table 8-8, a 99% confidence interval will contain 99% of the student population who own a personal computer.

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Definitions:

Social Responsibility

The practice of acting ethically while understanding your actions are part of the larger, interactive picture of your workplace, community, and world.

Corporate Responsibility

The ethical obligation of a company to act in ways that benefit society and the environment, beyond its business interests.

Profit Margin

A financial metric indicating the percentage of revenue that exceeds the costs of goods sold, representing the portion of sales that turns into profit.

Stakeholders

Any group that a business interacts with, such as customers, competitors, unions, suppliers, consumer groups, and government agencies.