SCENARIO 8-9 A University Wanted to Find Out the Percentage of Students

question 56

True/False

SCENARIO 8-9
A university wanted to find out the percentage of students who felt comfortable reporting
cheating by their fellow students.A surveyed of 2,800 students was conducted and the
students were asked if they felt comfortable reporting cheating by their fellow students.The
results were 1,344 answered "Yes" and 1,456 answered "no".
-True or False: Referring to Scenario 8-9, we are 99% confident that the total number of the
student population who feel comfortable reporting cheating by their fellow students is
between 0.4557 and 0.5043.

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Definitions:

Material Price Variance

The difference between the actual cost of direct materials used in production and the standard cost of those materials.

Standard Purchase Price

The predetermined cost of acquiring goods, set for budgeting and costing purposes.

Actual Purchase Price

Actual Purchase Price refers to the actual amount paid for goods or materials, including additional costs such as delivery charges and taxes.

Direct Material

Primary raw materials that can be specifically identified and directly charged to the manufacturing of a specific product.