Use the Given Degree of Confidence and Sample Data to Construct

question 45

Multiple Choice

Use the given degree of confidence and sample data to construct a confidence interval for the population proportion p.
-Of 346 items tested, 12 are found to be defective. Construct the $98 \%$ confidence interval for the proportion of all such items that are defective.

• A) \(0.0345 <\) p \(< 0.0349\)
• B) \(0.0110 < p < 0.0584\)
• C) \(0.0118 < p < 0.0576\)
• D) \(0.0154 < p < 0.0540\)

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Definitions:

Sober

A state of being free from the influence of alcohol or drugs, characterized by clear thinking and the absence of intoxication.

Agency Agreement

A contract in which one party (the agent) agrees to act on behalf of another party (the principal) in business transactions.

Commission

A fee or percentage of a transaction paid to an agent or broker for facilitating a sale or service.

Lease

A contractual agreement by which one party (the lessor) grants another party (the lessee) the right to use an asset, property, or space for a specified period in return for payment.