A Random Sample of 1000 People Was Taken

question 31

Multiple Choice

A random sample of 1000 people was taken.Four hundred fifty of the people in the sample favored Candidate A.The 95% confidence interval for the true proportion of people who favor Candidate A is

• A) .419 to .481.
• B) .40 to .50.
• C) .45 to .55.
• D) .424 to .476.

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Definitions:

Future Value

Future value is the value of a current asset at a specified date in the future based on an assumed rate of growth over time.

Single Amount

A lump-sum value; referring to a financial transaction or an accounting entry that involves only one amount rather than multiple payments or amounts.

Concept

An abstract idea or a general notion representing something, often used as a foundational principle or theory.

Semiannual Deposits

Payments or savings contributions made twice a year into a particular account or investment.