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)

---

Definitions:

Poorly Targeted

Describes policies or measures that do not effectively reach the intended audience or beneficiaries, leading to inefficiencies or wasted resources.

Minimum Wage

The lowest hourly, daily or monthly remuneration that employers are legally allowed to pay to workers.

Occupational Licensing

A regulatory process where individuals must obtain a license or certification from the government or a professional body to legally perform certain types of work or professions.

Inclusive Unionism

A labor movement strategy that emphasizes the inclusion and representation of all workers, disregarding their professional, demographic, or contractual status.