Express the Confidence Interval Using the Indicated Format $0.307 \pm 0.058$

question 60

Multiple Choice

Express the confidence interval using the indicated format.
-Express the confidence interval $0.307 \pm 0.058$ in the form of $\hat { p } - \mathrm { E } < \mathrm { p } < \hat { \mathrm { p } } + \mathrm { E }$ .

• A) \(0.278 < p < 0.336\)
• B) \(0.307 < p < 0.365\)
• C) \(0.249 < p < 0.307\)
• D) \(0.249 < p < 0.365\)

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Definitions:

Allowance for Doubtful Accounts

A reserve for accounts receivable that may not be collectable, reducing the book value of accounts receivable to a more realistic value.

Cash Loan

A financial agreement where a borrower receives a specific amount of cash from a lender and commits to repaying it over time, along with interest.

End-of-Period Adjusting Entry

Journal entries made at the end of an accounting period to update the accounts and ensure revenues and expenses are recorded in the appropriate period.

Interest Revenue

Income earned from lending investments or extending credit, typically expressed in monetary terms.