SCENARIO 8-9 A University Wanted to Find Out the Percentage of Students

question 182

True/False

SCENARIO 8-9
A university wanted to find out the percentage of students who felt comfortable reporting cheating by their fellow students.A survey of 2,800 students was conducted and the students were asked if they felt comfortable reporting cheating by their fellow students.The results were 1,344 answered "Yes" and 1,456 answered "no".
-Referring to Scenario 8-9,a confidence interval estimate of the population proportion would only be valid if the distribution of the number of students who feel comfortable reporting cheating by their fellow students is normal.

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Definitions:

Break-even Point

The moment at which total costs and total revenues are equal, meaning no net loss or gain is experienced by the business.

Cost Of Goods Sold

The Cost Of Goods Sold (COGS) represents the direct expenses related to the production of goods sold by a company, including materials and labor costs.

Expenses

The economic costs that a business incurs through its operations to earn revenue, which could include costs of goods sold, salaries, and rent.

Sales Territory

The group of customers or a geographical area assigned to a salesperson.