Use the Given Degree of Confidence and Sample Data to Construct

question 75

Multiple Choice

Use the given degree of confidence and sample data to construct a confidence interval for the population proportion p.
-A study involves 654 randomly selected deaths, with 34 of them caused by accidents. Construct a 98% confidence interval for the true percentage of all deaths that are caused by accidents.

• A) \(3.50 \% < p < 6.90 \%\)
• B) \(3.77 \% < p < 6.63 \%\)
• C) \(2.96 \% < p < 7.44 \%\)
• D) \(3.18 \% < p < 7.22 \%\)

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Definitions:

Appointing Officers

The act of designating individuals to hold specific positions or offices within an organization or institution.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often with dividends that are paid out before those of common stockholders.

Dividends

Payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders.

Company Liquidates

The process in which a company ceases operations and sells off its assets to pay creditors.