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SCENARIO 8-9
A university wanted to find out the percentage of students who felt comfortable reporting cheating by their fellow students.A survey of 2,800 students was conducted and the students were asked if they felt comfortable reporting cheating by their fellow students.The results were 1,344 answered "Yes" and 1,456 answered "no".
-Referring to Scenario 8-9,it is possible that the 99% confidence interval calculated from the data will not contain the sample proportion of students who feel comfortable reporting cheating by their fellow students.
X Index Fund
A type of index fund designed to track the performance of a specific market index, denoted here as 'X' as a placeholder for the index name.
PHStat
An Excel add-in that enhances the statistical functions of Microsoft Excel, providing tools for analysis and decision making in business.
Expected Monetary Value
A decision-making tool in risk management that combines the probabilities of different outcomes with the monetary gains or losses they would produce, to estimate the average outcome.
PHStat
An Excel add-in that enhances and expands upon the statistical capabilities provided by Microsoft Excel.
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