In a Gallup Poll, 1011 Adults Were Asked If They

question 24

Essay

In a Gallup poll, 1011 adults were asked if they consume alcoholic beverages and 64% of them said that they did. Construct a 90% confidence interval estimate of the proportion of all
adults who consume alcoholic beverages. Can we safely conclude that the majority of adults
consume alcoholic beverages?

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Definitions:

Corporation

A legal entity that is separate and distinct from its owners, capable of owning property, incurring debt, and being sued or suing.

Hybrid Partnership

A business organizational structure that combines features of both partnerships and corporations, allowing for flexibility in management and liability.

Limited Proprietorship

Likely referring to a Limited Partnership, a structure where there are one or more general partners with unlimited liability, and limited partners with liability restricted to their investment.

Corporate Treasurer

A senior executive responsible for managing the investment and financing activities of a corporation, including liquidity management and financial risk.