The County Clerk Wants to Estimate the Proportion of Voters

question 179

Short Answer

The county clerk wants to estimate the proportion of voters who will need special election facilities.Suppose a sample of 400 voters was taken.If 150 need special election facilities,calculate a 90% confidence interval for the population proportion.

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Definitions:

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual rate.

Accrued Interest

Interest that has accumulated over a period but has not yet been paid or received.

Adjusting Journal Entry

A journal entry made at the end of an accounting period to record unrecognized income or expenses to ensure that the financial statements comply with the accrual concept of accounting.

Supplies Account

An account that records the costs of supplies on hand and used by a business, which can be a significant part of operating expenses depending on the business type.