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A confidence interval was used to estimate the proportion of statistics students who are female.A random sample of 72 statistics students generated the following 90% confidence interval: (0.438,0.642) .Using the information above,what total size sample would be necessary if we wanted to estimate the true proportion to within 0.08 using 95% confidence?
Average Costs
The total cost of production divided by the quantity produced, indicating the cost per unit of output.
Fixed Costs
Expenses that do not vary with the level of production or sales, such as rent, salaries, and loan payments.
Marginal Productivity
Marginal productivity measures the change in output resulting from altering the level of a single input while holding other inputs constant.
Marginal Costs
The added financial burden of creating one more unit of a product or service.
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