A University Dean Is Interested in Determining the Proportion of Students

question 125

Short Answer

A university dean is interested in determining the proportion of students who receive some sort of financial aid.Rather than examine the records for all students,the dean randomly selects 200 students and finds that 118 of them are receiving financial aid.Use a 90% confidence interval to estimate the true proportion of students who receive financial aid.

---

Definitions:

Austrian-Born Economist

Refers to economists originating from Austria, particularly those associated with the Austrian School of Economics, known for emphasizing the importance of individual choice and spontaneous order in the economy.

Nazi Germany

The regime led by Adolf Hitler and the National Socialist German Workers' Party from 1933 to 1945, characterized by its totalitarian government and pursuit of aggressive expansion.

Soviet Union

A socialist state in Eurasia that existed from 1922 to 1991, officially known as the Union of Soviet Socialist Republics (USSR), and was a major world power politically and militarily.

Mexican-American Life

The social, cultural, and economic aspects and experiences of Mexican-Americans, a group with heritage tied to Mexico but living primarily in the United States.