From a Population with a Variance of 900, a Sample

question 63

Multiple Choice

From a population with a variance of 900, a sample of 225 items is selected. At 95% confidence, the margin of error is

• A)15
• B)2
• C)3.92
• D)4

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Definitions:

Loan

A financial amount given as a loan, anticipated to be returned with interest.

Rate of Return

The increase or decrease in the value of an investment during a set timeframe, represented as a percent of the investment's original price.

Equivalent Value

The worth of an item, service, or amount in terms of another, often used in comparisons or exchanges.

Compounded Semi-annually

The process where interest is added to the principal sum of an investment or loan twice a year, resulting in interest earning interest.