A University Dean Is Interested in Determining the Proportion of Students

question 7

Multiple Choice

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.If the dean wanted to estimate the proportion of all students receiving financial aid to within 3% with 99% reliability,how many students would need to be sampled?

• A)n = 1,844
• B)n = 1,784
• C)n = 1,503
• D)n = 1,435

Grasp the concept of variable, fixed, and total costs in the short run and how they affect production decisions.

Understand how average variable cost (AVC), average fixed cost (AFC), and average total cost (ATC) are calculated and their significance in production cost analysis.

Identify the economic rationale behind investment decisions based on the comparison of marginal cost and marginal revenue.

Analyze how changes in output affect variable costs and total costs.

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Definitions:

Net Working Capital

The contrast between a corporation's short-term assets and its short-term debts, indicating its immediate financial health.

Non-Eligible Dividends

Dividends that are paid out by companies from earnings that have not been taxed at the corporate level and are subject to different tax treatment at the receiver's end compared to eligible dividends.

Capital Gains

The profit earned from the sale of an asset, such as stocks, bonds, or real estate, when the sale price exceeds the purchase price.

Marginal Tax Rates

are the rates at which the last dollar of a taxpayer’s income is taxed, indicating the percentage of tax applied to your income for each tax bracket in which you qualify.