TABLE 8-10 the President of a University Would Like to Estimate the Estimate

question 114

True/False

TABLE 8-10
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 8-10, we are 99% confident that between 79.11% and 87.69% of the student population own a personal computer.

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Definitions:

Enforceable

A legal term referring to a contract or agreement that can be upheld and compelled by law.

Parol Evidence Rule

A legal principle that prevents parties from using oral or extrinsic evidence to contradict or vary the terms of a written contract.

Condition Precedent

In contract law, an act or promise that must take place or be fulfilled before the other party is obligated to perform his or her part of the agreement.