A Sample of 5 Clusters Is to Be Taken from a Population

question 6

Short Answer

A sample of 5 clusters is to be taken from a population with N = 30 clusters and M = 420 clusters in the population. The values of M_i and a_i are shown below.
a.Determine the point estimator of the population proportion.
b.Determine an approximate 95% confidence interval estimate for the population proportion.

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Definitions:

Operating Activities

Activities that relate to the core business operations of a company, including revenue and expense transactions that affect the net income.

Net Capital Expenditures

The amount spent on acquiring or upgrading physical assets, less any sales of fixed assets, during a given period.

Free Cash Flow

The cash a company generates after accounting for cash outflows to support operations and maintain its capital assets, available for paying dividends or debt.

Solvency

The ability of a company to meet its long-term financial commitments and continue operations in the long-term, often assessed through ratios comparing assets to liabilities.