The Following Are the Results of a Stratified Random Sample

question 42

Short Answer

The following are the results of a stratified random sample.
a.Determine the point estimator of the population proportion.
b.Estimate the standard error of the population proportion.
c.Develop an approximate 95% confidence interval for the population proportion.

---

Definitions:

Specific Tax

A tax that is levied as a fixed amount per unit on a particular good or service.

Inelastic Demand

A situation where demand for a product or service is relatively unmoved or less sensitive to changes in price.

Elastic Supply

A situation where the quantity of a good supplied by producers changes significantly in response to a small change in price.

Tax Burden

The measure of taxes paid as a proportion of income or the overall economic impact of taxes on an individual or business.