Assume That a Sample Is Used to Estimate a Population

question 36

Multiple Choice

Assume that a sample is used to estimate a population proportion p. Find the margin of error E that corresponds to the given statistics and confidence level. Round the margin of error to four decimal places.
-99% confidence; the sample size is 1180, of which 45% are successes

• A) 0.0297
• B) 0.0284
• C) 0.0337
• D) 0.0373

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Definitions:

Operating Loss

A situation where a company's operating expenses exceed its revenues, indicating it is not making a profit from its core activities.

Income Tax Rate

The fraction of earnings subject to taxation for either individuals or corporations.

Current Income Tax Liability

The amount of income tax that a company is obligated to pay to tax authorities within the current year.

Deferred Tax Asset

An accounting term that refers to a situation where a business has paid more taxes or estimates that it will pay more taxes than it will owe.