A Random Sample of 150 Mortgages in the State of Mississippi

question 74

Multiple Choice

A random sample of 150 mortgages in the state of Mississippi was randomly selected. From this sample, 17 were found to be delinquent on their current payment. The margin of error for an 80% confidence interval for the proportion based on this sample is __________.

• A)0.0695
• B)0.0522
• C)0.0330
• D)0.0258

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Definitions:

Marketing Research Study

The collection and analysis of data and information to gain insights into consumer behavior, market trends, and the effectiveness of marketing strategies.

Time-consuming

Activities or tasks that require a considerable amount of time to complete.

Juice Bar

A retail outlet specializing in serving fresh fruit and vegetable juices, often targeting health-conscious consumers.

Health-conscious

Refers to individuals who are particularly careful about their health, often making lifestyle choices or decisions based on the health benefits or impacts.