In Some Year, 21 Percent of All Teenagers in the U.S

question 52

Multiple Choice

In some year, 21 percent of all teenagers in the U.S. had checking accounts. Your bank, TeenChex Inc., is interested in targeting teenagers who do not already have a checking account. ​
TeenChex selects a random sample of 1,000 teenagers. Find the interval in which the chance that teenagers in the sample will not have checking accounts is approximately 95 percent. Please round your answer to the nearest whole number.
​

• A)764 - 790
• B) 790 - 816
• C) 777 - 803
• D) 764 - 816
• E) 790 - 803

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Definitions:

Resale Price

The price at which an item or good is sold after it has been previously purchased and owned by a consumer.

Finished Manufacturing

The complete process of producing goods, resulting in finished products ready for sale or distribution.

Good Faith

Acting with honest intent without taking unfair advantage over another party, often used in contract law.

Replacement Buyer

An individual or entity that steps in to purchase a property or product when the original buyer is unable to complete the transaction.