A Random Sample of 983 Families Selected from a Large

question 54

Short Answer

A random sample of 983 families selected from a large city showed that 17.5% of them make $100,000 or more per year.Based on this sample,the 99% confidence interval for the proportion of all families living in this city who make $100,000 or more per year,rounded to four decimal places,is:

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Definitions:

Economic Autonomy

The ability for an individual, group, or country to make independent economic decisions.

Technological Advances

Progress and innovations in technology that enhance capabilities and functionalities.

Voluntary Stable

Chosen or consensual stability, often referring to relationships or employment situations where parties are committed by choice rather than necessity.

Individualism

A social theory favoring freedom of action for individuals over collective or state control.