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

question 111

Short Answer

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 sampling error of a 99% confidence interval for the proportion of the student population who own a personal computer is .

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Definitions:

Millimetres

A unit of length in the metric system equal to one thousandth of a metre.

Outliers

Observations in data that are significantly distant from the majority of other data points, often indicating a measurement error or a novel phenomenon.

Gas Prices

The cost per unit volume of gasoline, often varying based on location, supply, demand, and taxes.

Distribution

The process by which goods are transported and delivered from a supplier to end consumer, or the statistical arrangement of values within a dataset.