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In a College Student Poll, It Is of Interest to Estimate

question 49

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In a college student poll, it is of interest to estimate the proportion p of students in favor of changing from aquarter-system to a semester-system. How many students should be polled so that we can estimate p towithin 0.09 using a 99% confidence interval?

Assess the utility of psychology in everyday life.
Understand the concept of dualism and its critiques within contemporary psychology.
Describe the methods used by early psychologists to study the mind, such as introspection.
Explain the influence of environmental factors on behavior according to behaviorist view.

Definitions:

Future Value

The estimated value of an investment or a financial asset at a specific future date, considering factors like interest rates or returns over time.

Interest Factor

A multiplier used to calculate the amount of interest accrued over a certain period of time.

Calculated

Determined or deduced by mathematical methods.

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