It Is Desired to Estimate the Proportion of College Students

question 28

Multiple Choice

It is desired to estimate the proportion of college students who feel a sudden relief now that their statistics class is over. How many students must be sampled in order to estimate the true
Proportion to within 2% at the 90% confidence level?

• A)n = 189
• B)Cannot determine because no estimate of p or q exists in this problem
• C)n = 2401
• D)n = 1692
• E)n = 133

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Definitions:

Total Assets

The sum of all assets owned by a business, representing its total resources.

Total Liabilities

The combined debts and obligations that a company owes to outside parties at any given time.

Adjusting Entries

Adjustments entered into the ledger at the closing of an accounting cycle to refresh the account balances before generating financial reports.

Unadjusted Trial Balance

A list of all ledger accounts and their balances at a certain time before any adjustments are made for year-end closing.