A University Dean Is Interested in Determining the Proportion of Students

question 48

Multiple Choice

A university dean is interested in determining the proportion of students who receive some sort of financialaid. Rather than examine the records for all students, the dean randomly selects 200 students and finds that 118of them are receiving financial aid. If the dean wanted to estimate the proportion of all students receivingfinancial aid to within 1% with 90% reliability, how many students would need to be sampled?

• A) 6546
• B) 1584
• C) 3980
• D) 66

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Definitions:

Mutually Exclusive Projects

Investment opportunities in which the acceptance of one project requires the rejection of another due to limited resources or conflicting outcomes.

Incorrect Decisions

Choices or judgments that lead to unfavorable outcomes or fail to achieve desired objectives, often due to poor information or analysis.

NPV

Net Present Value, a calculation that compares the present value of a project or investment's cash inflows with its cash outflows.

IRR

Internal Rate of Return; a metric used in capital budgeting to estimate the profitability of potential investments.