A Random Sample of 1,100 Adults Showed That 32% of Them

question 22

Short Answer

A random sample of 1,100 adults showed that 32% of them are smokers.Based on this sample,the 90% confidence interval for the proportion of all adults who are smokers,rounded to four decimal places,is:

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Definitions:

Productive Farmland

Land that is capable of producing a high yield of crops due to its fertility, favorable climate, or efficient management.

Diminishing Returns

The principle that as an increasing amount of one factor of production is employed, holding all other factors constant, the additional output generated will eventually decrease.

Marginal Productivity

Marginal productivity refers to the extra output, income, or benefit derived from using an additional unit of a variable factor of production, holding all other inputs constant.

Factors Of Production

The resources used to produce goods and services, traditionally categorized into land, labor, capital, and entrepreneurship.