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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,it is possible that the 99% confidence interval calculated from the data will not contain the sample proportion of students who own a personal computer.
Unauthorized Signer
An individual who signs a document or agreement without the legal authority or permission to do so.
Ratified
Confirms or approves an action, document, or agreement officially, making it valid and enforceable.
Secondary Indorsers' Liability
Refers to the legal responsibility that falls on endorsers who sign a document or contract after the primary signer, particularly in financial transactions.
Negotiates
The process of discussing something formally to reach an agreement or compromise.
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