A University Dean Is Interested in Determining the Proportion of Students

question 13

Multiple Choice

A university dean is interested in determining the proportion of students who receive some sort of financial aid. Rather than examine the records for all students, the dean randomly selects 200 students and finds that 118 of them are receiving financial aid. Use a 95 % confidence interval to estimate the true proportion of students on financial aid. Express the answer in the form $\hat { p } \pm E$ and round to the nearest thousandth.

• A) \(0.59 \pm 0.068\)
• B) \(0.59 \pm 0.002\)
• C) \(0.59 \pm 0.474\)
• D) \(0.59 \pm 0.005\)

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Definitions:

Dissenting Shareholder

A shareholder who disagrees with the direction or decision of the majority of the company's management or the outcome of a vote and formally records their dissent.

Derivative Suit

A lawsuit brought by a company shareholder on behalf of the corporation against a third party, often the company's executives or directors, for allegedly harming the company.

RMBCA

The Revised Model Business Corporation Act, a set of model laws prepared by the American Bar Association to provide a standard for the governance of business corporations in the United States.

Fundamental Changes

Significant alterations in the operations, structure, or activities of an organization or system that have a profound effect on its function.