A Study Was Conducted to Determine What Proportion of All

question 38

Multiple Choice

A study was conducted to determine what proportion of all college students considered themselves as full-time students. A random sample of 300 college students was selected and 210 of the students responded that they considered themselves full-time students. A computer program was used to generate the following 95% confidence interval for the population proportion: (0.64814,
0.75186) . Which of the following practical interpretations is correct for this confidence interval?

• A) We are 95% confident that the percentage of the 300 students who responded that they considered themselves full-time students was 0.700.
• B) We are 95% confident that the percentage of all college students who consider themselves full-time students falls between 0.648 and 0.752.
• C) We are 95% confident that the percentage of all college students who consider themselves full-time students was 0.700.
• D) We are 95% confident that the percentage of the 300 students who responded that they considered themselves full-time students falls between 0.648 and 0.752.

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Drawer

The person who writes or issues a check, draft, or bill of exchange, thereby creating an obligation to pay.

Payee

The individual or entity to whom money is payable, typically the recipient of a check or electronic payment.

Demand Instrument

A financial document, like a check or promissory note, that is payable on demand or presentation.

Time Instrument

A financial document that specifies payment to be made at a future date.