A Sample Statistic and Margin of Error Are Given

question 212

Multiple Choice

A sample statistic and margin of error are given. Find the confidence interval likely to contain the population parameterof interest and answer the question.
-Following the Republican National Convention, a poll of voters in a Central Illinois community showed that 58.1% would choose the Republican ticket to win over the Democrat ticket no matter
Whom the Democrats chose for vice-president. The margin of error was 4.2 percentage points.
Should the Democrats expect to lose Central Illinois?

• A)53.9% to 62.3%; yes
• B)49.7% to 58.1%; no
• C)58.1% to 62.3%; yes
• D)56% to 60.2%; yes

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Definitions:

Cash Equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value.

Bank Reconciliation

The process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement.

Non-current Liability

A Non-current Liability is a financial obligation that a company does not expect to settle within the next twelve months from the reporting date.

Credit Balance

A situation where the total credits in an account exceed the total debits; it's common in liability, revenue, and equity accounts.