You Are Stuck in a Long Traffic Jam of About

question 10

Multiple Choice

You are stuck in a long traffic jam of about 100 cars. While waiting, you talked a little to 7 drivers of the closest cars and realized that 5 of them seemed completely calm about the situation. Which method will be effective to use in order to estimate the proportion of calm people in the traffic jam and construct a confidence interval?

• A) large-sample method
• B) bootstrap method

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Definitions:

International Monetary Fund

A global institution that provides financial assistance and advice to member countries to promote economic stability and growth.

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The way in which a country advances its people's economic, political, and social conditions.

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Gross Domestic Product, the total value of all goods and services produced within a country over a specific period.

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The segment of the economy that provides intangible goods and services to consumers, including retail, education, health care, and financial services.