An Article a Florida Newspaper Reported on the Topics That

question 26

Multiple Choice

An article a Florida newspaper reported on the topics that teenagers most want to discuss with their parents.The findings, the results of a poll, showed that 46% would like more discussion about the familyʹs financialsituation, 37% would like to talk about school, and 30% would like to talk about religion. These and otherpercentages were based on a national sampling of 546 teenagers. Estimate the proportion of all teenagers who^want more family discussions about school. Use a 95% confidence level. Express the answer in the form p ± Eand round to the nearest thousandth.

• A) 0.37 ± 0.040
• B) 0.37 ± 0.002
• C) 0.63 ± 0.040
• D) 0.63 ± 0.002

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Definitions:

Set-Up Costs

Initial expenses incurred during the establishment of a new business or production line, including equipment and installation fees.

Storage Costs

Expenses associated with keeping goods in a warehouse or storage facility until they are sold or used.

Economic Order Quantity (EOQ)

A formula that calculates the optimal order size to minimize the total costs associated with purchasing, receiving, and holding inventory.

Carrying Cost

Carrying cost includes expenses associated with holding or storing inventory, such as insurance, storage, and opportunity costs.