A Study Was Conducted to Determine What Proportion of All

question 94

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. Which of the following would represent the target parameter of interest?

• A) µ
• B) p

---

Definitions:

Cost of Goods Sold

An accounting term representing the direct expenses related to producing or purchasing the goods sold by a company during a given period.

Amortization

The process of gradually paying off debt over a period of time through scheduled, pre-determined payments.

Gross Margin

The gross margin refers to the difference between the revenue generated from sales and the cost of goods sold, usually expressed as a percentage of revenue.

Operating Statement

A financial document that provides a summary of a company's revenues, expenses, and profit or loss over a specific period.