In Constructing a Confidence Interval Estimate for the Difference Between

question 44

Multiple Choice

In constructing a confidence interval estimate for the difference between two population proportions,we:

• A)pool the population proportions when the populations are normally distributed.
• B)pool the population proportions when the population means are equal.
• C)pool the population proportions when they are equal.
• D)never pool the population proportions.

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Definitions:

Personal Savings Rate

The percentage of personal disposable income that is saved by households rather than spent on consumption.

Current Account Deficit

A current account deficit occurs when a country's total imports of goods, services, and transfers are greater than its total exports, indicating it is spending more on foreign trade than it is earning.

Gold Standard

A monetary system in which a country's currency or paper money has a value directly linked to gold.

Balance Of Trade

The difference between the value of a country's exports and the value of its imports. A positive balance indicates a surplus, while a negative balance indicates a deficit.