A University Dean Is Interested in Determining the Proportion of Students

question 64

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. Use a 95% confidence interval to estimate the true proportion of students who receive financial aid.

• A) \(.59 \pm .005\)
• B) \(59 \pm .002\)
• C). \(59 \pm .068\)
• D) \(.59 \pm .474\)

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Definitions:

Market Economy

A system where economic decisions and pricing of goods and services are guided by the interactions of citizens and businesses in a free market.

Supreme Court

The highest federal court in the United States, having ultimate appellate jurisdiction over all federal and state court cases that involve a point of federal law.

Marshall

A title used in several official positions within different spheres, such as military or ceremonial, often associated with maintaining order and executing duties.

American System

An economic plan that played a significant role in American policy during the first half of the 19th century, advocating for a high tariff, a national bank, and federal subsidies for roads, canals, and other infrastructures.