It Is Desired to Estimate the Proportion of College Students $n = 189$

question 124

Multiple Choice

It is desired to estimate the proportion of college students who feel a sudden relief now that their statistics class is over. How many students must be sampled in order to estimate the true proportion to within 2% at the 90% confidence level?

• A) \(n = 189\)
• B) \(n = 2401\)
• C) \(n = 133\)
• D) \(n = 1692\)
• E) Cannot determine because no estimate of \(p\) or \(q\) exists in this problem

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Definitions:

Price Level

A measure of the average prices of goods and services in an economy at a given time, often compared over different periods to assess inflation or deflation.

Total Reserves

The total amount of funds or assets that a bank or financial institution has set aside to meet unexpected liabilities, requirements, or future obligations.

Vault Cash

Physical money, including coins and paper currency, that banks and other financial institutions hold in their vaults as part of their reserves.

Reserve Deposits

Reserve Deposits are funds that commercial banks hold in reserve, either in their vaults or deposited with a central bank, to meet regulatory requirements and ensure liquidity.