A University Dean Is Interested in Determining the Proportion of Students

question 79

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. If the dean wanted to estimate the proportion of all students receiving financial aid to within 1% with 90% reliability, how many
Students would need to be sampled?

• A) 66
• B) 1584
• C) 3980
• D) 6546

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Definitions:

Taxes

Compulsory financial charges or levies imposed by a government on individuals and organizations to fund public expenditures.

Unlimited Liability

Unlimited liability means that the owners of a business are personally responsible for the entire amount of debt and obligations of the business, potentially risking their personal assets.