In a Random Sample of 100 Observations $\bar { p }$

question 15

Multiple Choice

In a random sample of 100 observations, $\bar { p }$ = .2.The 95.44% confidence interval for p is

• A) .122 to .278.
• B) .164 to .236.
• C) .134 to .266.
• D) .120 to .280.

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Definitions:

Price of Movie Tickets

The amount of money charged for admission to a movie screening.

Substitute

An alternative product or service that consumers can turn to if the original product or service becomes unavailable or too expensive.

Ambiguous Effect

An ambiguous effect refers to an outcome or result that is unclear or can have multiple interpretations, often leading to uncertain impacts in economic analyses.

Substitute

An alternative product or service that can replace another in satisfying consumer needs or wants.