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:

Total Revenue

The sum of all revenue collected from selling goods or services before deducting any costs.

Marginal Cost

The monetary requirement for the generation of one additional unit of a good or service.

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the total quantity of output produced. It measures the cost per unit of output.

Ceteris Paribus

a Latin phrase meaning "all other things being equal," used in economic models to isolate the effect of one variable.