The Following MINITAB Output Presents a Confidence Interval for a Proportion

question 36

Multiple Choice

The following MINITAB output presents a confidence interval for a proportion.
$\begin{array}{crrcc}\hline \text { Variable } & \mathrm{X} & \mathrm{N} & \text { Sample p } & 95 \% \mathrm{CI} \\\mathrm{x} & 93 & 155 & 0.600000 & (0.522875,0.677125) \\\hline\end{array}$
Fill in the blanks: We are ________ confident that the population mean is between _______ and _______.

• A) \(5 \% , 0.522875,0.677125\)
• B) \(97.5 \% , 0.535270,0.664730\)
• C) \(95 \% , 0.535270,0.664730\)
• D) \(95 \% , 0.522875,0.677125\)

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Definitions:

Accounts Receivable

Sum owed by clients to a company for goods or services that have been dispatched or provided, with payment still due.

Cost of Goods Sold

Cost of Goods Sold (COGS) is the direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor directly used to create the good.

Accounts Receivable

Outstanding amounts due to a firm from customers for goods or services already delivered.

Cost of Goods Sold

Costs directly associated with the manufacturing of products that a business sells.