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

question 22

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,the parameter of interest is the proportion of the student population who own a personal computer.

---

Definitions:

Salami

A type of cured sausage made from fermented and air-dried meat, known for its rich flavor and versatility in dishes.

Monetary Products

Financial products or instruments that relate to money or currency, including banknotes, coins, and digital currency.

Round Off

The process of making a number simpler but keeping its value close to what it was, often by increasing or decreasing to the nearest value of a specified unit.

Multiply

To multiply means to increase or combine by a factor or multiple, often used in mathematics to find the product of two numbers.