A Large Trucking Company Wants to Estimate the Proportion of Its

question 88

Multiple Choice

A large trucking company wants to estimate the proportion of its tracker truck population with refrigerated carrier capacity.A random sample of 200 tracker trucks is taken and 30% of the sample have refrigerated carrier capacity.The 90% confidence interval to estimate the population proportion is _______.

• A)0.53 to 0.67
• B)0.25 to 0.35
• C)0.24 to 0.36
• D)0.27 to 0.33
• E)0.33 to 0.39

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Definitions:

Money Supply

The aggregate of financial assets in an economy at a specific moment, which includes cash, coins, and the deposits in checking and savings accounts.

Quantity Equation

An equation that relates the quantity of money in an economy to the level of economic activity, typically framed as MV = PQ.

Price Level

A gauge for the typical prices of products and services in an economy at a certain time.

Batch Process

A manufacturing process where materials or products are produced in groups or quantities within a specified timeframe.