SCENARIO 8-8 the President of a University Would Like to Estimate the Estimate

question 54

True/False

SCENARIO 8-8
The president of a university would like to estimate the proportion of the student population that owns a personal computer.In a sample of 500 students,417 own a personal computer.
-Referring to Scenario 8-8,a 99% confidence interval will contain 99% of the student population who own a personal computer.

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Definitions:

Endowment Fund

A financial asset donation made to an institution that uses the resulting investment income for a specific purpose.

Bequest

A gift of personal property by means of a will.

Beneficiaries

Individuals or entities entitled to benefits or proceeds from a will, insurance policy, trust, or other financial instruments.

Endowments

Funds or property donated as a source of income, where the principal is typically kept intact in perpetuity or for a defined time period.