The Number of Successes and the Sample Size Are Given $$\mathrm { n } = 85 , \mathrm { x } = 41 ; 98 \% \text { level }$$

question 18

Multiple Choice

The number of successes and the sample size are given for a simple random sample from a population. Use theone-proportion z-interval procedure to find the required confidence interval.
- $$\mathrm { n } = 85 , \mathrm { x } = 41 ; 98 \% \text { level }$$

• A)\(0.375\) to \(0.589\)
• B) \(0.376\) to \(0.588\)
• C) \(0.355\) to \(0.609\)
• D) \(0.356\) to \(0.608\)

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Definitions:

Net Realizable Value

The estimated selling price of goods minus the costs of their sale or disposal, used in inventory valuation and accounts receivable.

Write-Down

A reduction in the book value of an asset when its market price falls below its carrying value on the balance sheet.

Gross Profit

The difference between revenue and the cost of goods sold, representing the basic profitability of the products or services sold by a company.

Pretax Income

The income of a business before income taxes are deducted.