The Ohio Department of Agriculture Tested 203 Fuel Samples Across

question 148

Multiple Choice

The Ohio Department of Agriculture tested 203 fuel samples across the state in 1999 for accuracy of the reported octane level.For premium grade,14 out of 105 samples failed.(They did not meet the ASTM specification and the FTC octane posting rule. ) How many samples would be needed to create a 99 percent confidence interval that is within 0.02 of the true proportion of premium grade fuel-quality failures?

• A)4148
• B)2838
• C)1913
• D)744
• E)54

---

Definitions:

Dividends

Payments made by a corporation to its shareholder members, representing a portion of the corporate profits.

Capital Gains Yield

The percentage change in the market price of an asset over a period, excluding dividends.

Shares

Shares represent units of ownership interest in a corporation or financial asset, providing a proportionate claim on its assets and profits.

Geometric Return

The average rate of return per period on an investment, calculated by taking the nth root of the total compounded return, where n is the number of periods.