Find the Indicated Margin of Error

question 15

Multiple Choice

Find the indicated margin of error.
-In a random sample of 171 college students, 91 had part-time jobs. Find the margin of error for the 95% confidence interval used to estimate the population proportion.

• A)0.00285
• B)0.0673
• C)0.0748
• D)0.131

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Definitions:

Sales Dollars

The total revenue generated from the sale of goods or services before any expenses are subtracted.

Performance

The act of carrying out or accomplishing tasks, goals, or objectives, often measured against known standards or objectives.

Salespersons

Individuals employed to sell products or services to customers, often working on commission and responsible for meeting sales targets.

Variable Costing

An accounting method that only includes variable production costs (materials, labor, and overhead) in the cost of goods sold and inventory valuation.