A Random Sample of 150 Mortgages in the State of Mississippi

question 37

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 98% confidence interval for the proportion based on this sample is ______.

• A)(0.103, 0.216)
• B)(0.074, 0.152)
• C)(0.053, 0.173)
• D)(0.095, 0.131)

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Definitions:

Unearned Revenue

Money received by a business for goods or services yet to be delivered or performed, recorded as a liability on the balance sheet until earned.

Services Revenue

Revenue generated from providing services, as opposed to selling goods or products.

Asset Account

An account that records the value of an entity's resources, such as cash, equipment, inventory, and property.

Cash

Money in the form of currency that is available for immediate use by a company for transactions, payments, and other financial activities.